Friday, March 29, 2024

crown prince Mohammed bin Salman

by Hideo Nakamura
crown prince Mohammed bin Salman

Crown Prince Mohammed bin Salman (Arabic: محمد بن سلمان‎; born 31 August 1985), also known as MBS, is the Crown Prince of Saudi Arabia. He has been the country’s de facto ruler since June 2017, when his father King Salman appointed him to that position. As crown prince he is first in line to succeed his father and become king.

In addition to being heir apparent for succession of the Saudi throne, Mohammed bin Salman serves as deputy prime minister and holds a variety of other high-level positions within both government ministries and royal offices throughout Saudi Arabia. His responsibilities span many areas including foreign policy initiatives such as Vision 2030 — an ambitious economic reform program designed to diversify away from oil dependence — defense procurement reforms, fiscal restructuring measures such as tax increases across multiple sectors accompanied by public sector wage cuts and subsidy reductions among others. In recent years he has sought out investments abroad through SoftBank’s Vision Fund which was largely funded with capital contributions from Saudi investors seeking returns on their investments outside of traditional markets like oil & gas or real estate development at home while strengthening ties abroad between Riyadh and Silicon Valley technology titans alike – all part of efforts aimed at reshaping global perception around investing opportunities in The Kingdom itself under his guidance going forward into 2020+.

On financial frontlines related cryptocurrency investment specifically there have not yet been any formal announcements made regarding plans or intentions on behalf of either himself nor any representatives acting upon instructions received directly from him about what role cryptocurrencies may play if any over coming months/years however it remains an open question especially given various developments taking place elsewhere globally where state actors are increasingly beginning take active roles in regulating digital asset class usage domestically + blockchain technology utilization implementation strategies internationally . To date no specific statements have been issued concerning how this will effect crypto trading exchanges , taxation policies impacting miners / traders , etc but we’ll be sure update readers here should anything new emerge moving forward .

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