Rebalancing Ambition: Saudi Arabia’s Megaproject Pivot
Saudi Arabia’s Vision 2030 has entered a sobering phase. The kingdom’s most ambitious megaprojects, conceived a decade ago during an era of oil-fueled confidence, are colliding with fiscal reality and a far more volatile external environment shaped by regional conflict and energy market disruption. What is unfolding is not the collapse of Crown Prince Mohammed bin Salman’s (MBS) diversification agenda, but a forced recalibration: a shift away from architectural spectacle toward economic pragmatism, reinforced by tightening fiscal space, institutional reprioritization under the Public Investment Fund’s (PIF) new strategy, and growing exposure to regional security risks.
Hosts Alistair Taylor and Matthew Czekaj are joined by MEI Distinguished Diplomatic Fellow Amb. (ret.) Robert S. Ford to examine what is at stake for Iraq in the Iran war. The only country to have been hit by both sides, Iraq is caught in the middle of a regional conflict, with the local Iranian-backed Popular Mobilization Forces (PMF) carrying out attacks on American interests and personnel — and the US responding. This escalation comes at a period of internal political transition in Iraq, which has been locked in negotiations to form a new government since the November 2025 elections. Ford, who served as Deputy and later Acting Ambassador in Baghdad from 2008 until 2010, unpacks how Iraq is navigating the current moment, how the Kurdistan region fits into this equation, and what this all means for the future of US-Iraqi relations.
Riyadh’s deepening engagement in Somalia reflects a calculated strategy to shape the emerging Red Sea security order, counter UAE and Iranian influence, hedge against U.S. uncertainty, and safeguard alternative energy export routes following the Strait of Hormuz closure.
Post-Saddam Iraq at 23: The War It Never Wanted Is Back
On the anniversary of the 2003 invasion, Iraq finds itself trapped between the same external powers that have defined — and destroyed — its last quarter-century.
Iraq’s oil paralysis: A self-inflicted wound and a gift to Tehran
With the Strait of Hormuz closed and oil production from Iraq’s south in free fall, Baghdad’s failure to maximize the Iraq-Turkey Pipeline is no longer a policy dispute. It is a national emergency.
Tripartite Gulf Power: The Diverging Geoeconomics of Saudi Arabia, the UAE, and Qatar, and the Implications for MENA and the Global Order
While acknowledging the centrality of security tensions and potential conflict in the Gulf, this essay intentionally sets aside a detailed treatment of military and hard-power dynamics, concentrating instead on the geoeconomic logics of capital, infrastructure, energy, and connectivity, through which Gulf states now articulate power in a fragmented world order.
Saudi Arabia has stepped up its efforts to unify and restructure Yemen’s anti-Houthi forces after the rapid expansion and sudden implosion of the United Arab Emirates-backed secessionist Southern Transitional Council following Abu Dhabi’s military withdrawal from the country.
February talks between Saudi Arabia and Turkey signaled the emergence of a pragmatic regional order grounded in economic complementarity, defense cooperation, and shared anxieties about instability.
From the Middle East to West Asia: Redefining America’s Global Strategy
MEI Senior Fellow Mohammed Soliman joins hosts Alistair Taylor and Matthew Czekaj to discuss his new book, West Asia: A New American Grand Strategy in the Middle East. The book argues that it is time for the United States to move decisively away from nation-building and focus instead on order-building, outlining a framework for a new regional order that links Europe to the Indo-Pacific. Soliman also shares how he conceived of the core ideas behind his book and explains why his thesis is especially relevant in today’s geopolitical, economic, and technological landscape.
Media and politicians on both sides of the Atlantic are hyping the idea that President Trump’s attempt to gain sovereign control of Greenland has caused unprecedented and irreparable damage to the over 75 year-old Transatlantic Alliance. This “analysis” stems from multiple sources. On both sides of the ocean, there are those who pounce on any deviation from the norm by Trump as evidence the world as we know it is ending. And in Europe, there is the human but unattractive reaction of weak, dependent states against their one powerful ally when it rejects Europe’s preferred script. Much of the US media criticism is summarized by the concept that our other NATO allies can never again “trust” the US.
This bonus episode of Middle East Focus features an excerpt from a recent MEI Virtual Briefing recorded on January 20. Director of Communications Zeina Al-Shaib is joined by MEI Affiliate Fatima Abo Alasrar and Associate Fellow F. Gregory Gause III to discuss the dramatically changing dynamics in Yemen’s civil war. Last month, Yemen emerged as a focal point of rising tensions between Saudi Arabia and the United Arab Emirates. The Southern Transitional Council, a UAE-backed southern separatist movement, has disbanded in recent weeks, following fierce clashes with Saudi-backed forces. In the conversation, Alasrar and Gause analyze the political, security, and socio-economic shifts affecting Yemen’s internal dynamics and what all this means for regional stability.
What Ankara sees in Riyadh — and why it still needs Abu Dhabi
As the rivalry between Riyadh and Abu Dhabi sharpens in Yemen and beyond, Turkey has begun edging closer to Saudi Arabia, sparking claims that a new regional order is taking shape: a Turkey-Saudi axis backed by a NATO-like defense architecture, implicitly aligned against Israel and the United Arab Emirates. This reading overstates the case.
A New Phase in Vision 2030: From Strategic Exemptions to Broad Ownership
Saudi Arabia is making a bold push to rewire the rules of the game for foreign investment within the Kingdom. The proposed lifting of the 49 percent foreign‐ownership cap in publicly listed companies is emerging as the next frontier of that effort. This reform, scheduled to take effect on February 1, could change the calculus for active and passive global capital, drive fresh scrutiny of regulatory constraints, and test the Kingdom’s ability to follow through in what may prove to be a tight balance between opening up and preserving sovereign control.
