Mohammed bin Salman, Saudi Arabia’s crown prince, arrives at the Elysee palace before a meeting with Emmanuel Macron, France’s president, in Paris, France. (Photographer: Christophe Morin/Bloomberg)

Saudi Prince’s Protectors Can’t Stop Speculation Over His Fate

(Bloomberg) -- 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.

Saudi Prince’s Protectors Can’t Stop Speculation Over His Fate

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.”

Saudi Prince’s Protectors Can’t Stop Speculation Over His Fate

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.”

Saudi Prince’s Protectors Can’t Stop Speculation Over His Fate

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.

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.

The king “knows exactly how to set up the home front to ensure it doesn’t turn against MBS,” said Ayham Kamel, head of Middle East and North Africa research at Eurasia Group. “The visits to the different provinces, who the king is meeting there, the money, all of that is part of a comprehensive package to ensure that the leadership is protected as it stands today. They are doing this to defend the current line of succession.”

Saudi Prince’s Protectors Can’t Stop Speculation Over His Fate

When asked by CNBC what his message would be to those who say a regime change was needed for Saudi Arabia, Foreign Minister Adel al-Jubeir called the notion “ridiculous.”

“The leadership of Saudi Arabia represented in the king and the crown prince is a red line for every Saudi -- man or woman,” he said on Wednesday. “Every Saudi feels represented by his leadership, and every Saudi represents his leadership.”

In an interview on Saturday, a long-serving former head of Saudi intelligence cast doubt over any CIA report that incriminates Prince Mohammed in the murder of Khashoggi. “The CIA has been proved wrong before,” Prince Turki Al-Faisal said in Abu Dhabi, citing the agency’s assertions over chemical weapons before the invasion of Iraq in 2003.

Such allegiance, however, may not be enough. The 33-year-old crown prince has some powerful critics and enemies in the U.S., including senior lawmakers, and in Europe, where he was viewed with increasing hostility for his war in Yemen and his human rights record.

Domestically, there’s chatter about royal grumblings and speculation that the king’s full brother, Prince Ahmed, who returned from London a few weeks ago, could even replace him.

Other senior royals were shunned as Prince Mohammed took over the army, state security and most of the country’s economic institutions. He threw out the system of consensus that had been in place for decades, a move that has likely caused resentment among senior princes.

“He must be constantly worried about his future,” said Bokhari. “Even though he has jailed potential opponents, bribed others, and coerced family members, how can he be confident that when he turns around there are not others who are plotting against him behind the scenes?”

An indication of the prince’s confidence in his own fate will be whether he attends the G-20 powwow starting on Nov. 30. Rulers who don’t feel secure at home generally avoid traveling abroad. Saudi Al-Arabiya television reported that the prince was going to the summit.

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