Saudi Arabia is currently facing serious challenges in Yemen. The escalation of retaliatory attacks by the Yemeni army (Ansar Allah), along with a financial crisis and a decrease in missile stockpiles, has put the country in a difficult position. These developments not only threaten Saudi Arabia's security but also endanger the economic outlook of Mohammed bin Salman, the crown prince of the country.
Missile and Financial Crisis
In recent years, Saudi Arabia has spent billions of dollars on the war in Yemen. However, with the continuation of the conflict and the intensification of Ansar Allah attacks, the country's missile reserves have rapidly dwindled, making the situation particularly concerning given that Saudi Arabia is facing a budget deficit. A reduction in military capability means increased vulnerability for Saudi Arabia against Ansar Allah attacks and also threatens the country’s critical infrastructure.
Read more: Iraqi Hezbollah Brigades: Saudi Arabia Must Accept Defeat and End the Siege of Yemen
Economic Consequences of War
The continuation of the war in Yemen could have negative impacts on bin Salman's economic development plans. This war has disrupted investments in information technology and artificial intelligence, jeopardizing the transformative vision that bin Salman has outlined for the future of Saudi Arabia. Given that Saudi Arabia is seeking to diversify its economy and reduce its dependence on oil, the continuation of the war could severely affect these goals.
Saudi Arabia is trying to implement major changes in its economic structure through various economic programs, such as the "Vision 2030". However, under the current circumstances, with financial and military crises, achieving these goals has become a serious challenge. The continuation of the war and the inability to manage it could jeopardize all of Saudi Arabia's development plans and push the country towards a deeper economic crisis.
Read more: The People of Yemen Responded to Saudi Bombings with Dance · US Military Casualties in the War with Iran Reach 21
