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Saudi Prince's Protectors Can't Stop Speculation Over His Fate - Bloomberg

BloombergSaudi Prince's Protectors Can't Stop Speculation Over His FateBloombergSaudi Crown Prince Mohammed bin Salman has been spending remarkably more time with his father in public since the international condemnation of last month's murder of a U.S.-based newspaper columnist. They pressed the flesh with Saudis on a tour of plus encore »

Photographer: Fayez Nureldine/AFP via Getty images

Saudi Crown Prince Mohammed bin Salman has been spending remarkably more time with his father in public since the international condemnation of last month’s murder of a U.S.-based newspaper columnist. They pressed the flesh with Saudis on a tour of conservative heartlands and last week inaugurated a giant industrial park together.

Donald Trump, meanwhile, did his bit to shield the prince. He has repeatedly avoided laying blame for the Oct. 2 killing of Jamal Khashoggi and lauded Saudi Arabia for a sharp drop in oil prices.

With such powerful people in his corner, the conventional wisdom may be that Prince Mohammed will survive the fallout from the brutal dispatching of a critic. Indeed, he headed next door to the United Arab Emirates on Thursday for talks with a key ally and looks increasingly likely to attend the Group of 20 summit in Argentina. But there are still many unknowns, and the fate of the young leader is the talk of the town in Riyadh.

Mohammed bin Salman and King Salman bin Abdulaziz inaugurate the first phase of the projects of Industrial Waad Al-Shamal city. 

Source SPA

In conversations among diplomats, Saudis and foreigners working in the kingdom for years, there are two questions everyone keeps asking: can Prince Mohammed remain the chosen successor to King Salman and -- if not -- what would happen to the economic and social reforms he’s been driving?

It’s difficult to determine how senior royal family members, tribal leaders and the security apparatus view the prince after a series of bungles abroad and repression of critics at home.

There could be repercussions from his marginalization of rival princes as he consolidated his grip on power. Sentencing to death five of the 11 people charged with Khashoggi’s murder may undermine the trust the Saudi security services, a key bulwark against opposition, have in the prince.

Turkey may have evidence that directly implicates the prince in Khashoggi’s death at the Saudi consulate in Istanbul, a connection that would inflame his opponents in the U.S. and Europe.

The murder, irrespective of whether Prince Mohammed ordered it or not, has been a game-changer, according to Kamran Bokhari, a Washington-based national security and foreign policy specialist with the University of Ottawa’s Professional Development Institute.

“It basically turned his life upside down,” said Bokhari. “He’s gone from having the promise of a long career to not knowing what his future is, to uncertainty whether he will be able to rule. It’s a stain that will remain with him and constrain him from doing much.”

King Salman bin Abdulaziz, left, and Mohammed bin Salman and receive Hail region's citizens. 

Source: SPA

The crown prince marketed himself to the West as the brash young royal who was going to modernize the kingdom and confront Islamic extremism, the man known as “MBS” who embodied the new Saudi Arabia.

His plan to sell a stake in the Saudi Arabian Oil Co. made him the darling of international bankers. Amid a cohort aging Saudi royals, the crown prince was set to lead the world’s largest oil exporter for decades. Now, his future is much less secure.

Signs of how little room he has to maneuver are already emerging. After Trump announced the U.S. won’t let Khashoggi’s murder jeopardize relations with the kingdom on Tuesday, oil prices swiftly headed toward $50 a barrel. The decline might be good for the prince’s rehabilitation, but it will further strain the slow-growing Saudi economy. Trump thanked the kingdom, implying a quid pro quo, and urged the Saudis to “go lower!”

The U.S. president has been clear that his support for the prince -- against powerful voices from Congress and a CIA report that blamed Khashoggi’s murder on Prince Mohammed -- comes with a price.

In a statement headlined “America First!” Trump said Tuesday the kingdom’s strategic importance outweighs the “horrible crime.” And he reminded Saudi Arabia that it has agreed “to spend and invest $450 billion in the United States. This is a record amount of money.”

At home, King Salman embarked this month on the first comprehensive tour of the kingdom since he came to power in 2015. The subtext was to try to repair some of the damage in relations with the religious establishment, tribes and regional princes as a result of his son’s policies.

The king, accompanied by Prince Mohammed, started out in Qassim, the most conservative region, promising millions in development projects at every stop. The prince’s pet project, a futuristic new city in the desert called Neom to rival Dubai, no longer seems to be the priority.

Read More: Saudi Rulers Rally Support on Home Front as U.S. Pressure Mounts

Saudi kings have used money to bolster support around the country during times of uncertainty. As the Arab Spring was spreading across the Middle East, King Abdullah announced billions in spending to ward off unrest.

King Salman may be betting that pledges of loyalty to him by senior Saudis may protect Prince Mohammed long enough for this to blow over. During his annual speech at the Shoura Council, the monarch didn’t mention the murder of Khashoggi as his son sat stern-faced next to Saudi Arabia’s grand mufti, the top religious official.

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