WEBVTT

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- Crown Prince Mohammed bin Salman

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is a new generation in
the Saudi Royal Family.

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He's going to be the first
of the next generation

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to rule Saudi Arabia.

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He's very young, and he
has some different ideas

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about where Saudi Arabia should go.

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So what he's doing here

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is he's looking to attract businesses

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to open in Saudi Arabia,

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to bring jobs, to bring
an entrepreneurial spirit,

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and to bring some dynamic
activity to the Kingdom.

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Donald Trump, being the
President of the United States,

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the Crown Prince is really
concerned about Iran.

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That's really their primary
geo-political issue right now.

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So his meeting with the President

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is designed to express
Saudi policy towards Iran.

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They would like the President
to really take a hard stance

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on Iran, on Iran's activities,
particularly in Yemen,

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as that threatens Saudi Arabia directly.

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And they would also like Donald Trump

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to take a very tough position
on the Iran Nuclear Deal.

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They're very concerned
about Iran's ability

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to develop a nuclear weapon,

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and they've stated that if Iran acquires,

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or looks like it's going to
acquire a nuclear weapon,

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they will do so as well.

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One of the things that Mohammed bin Salman

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is very interested in doing is

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he's interested in setting
up tech hubs, essentially,

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in Saudi Arabia.

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He announced this great
new city called NEOM

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that they would like
to open on the Red Sea,

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to be really an innovation
center in the Middle East.

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And so his meeting with Bill Gates

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is probably designed
to further those goals.

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So Jeff Bezos, be CEO of Amazon,

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one of the things that Mohammed
bin Salman and the Saudis

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are looking to do, is they're
really looking to establish

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Saudi Arabia as a logistics hub.

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They see its orientation and
its location in the Middle East

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as very valuable to that,

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and one of those things is
bringing in data centers.

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Apparently, the Middle East is very bereft

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of cloud computing and data centers,

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and so they're in talks with Amazon

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to bring a data center
to the Red Sea Coast,

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and I wouldn't be surprised
if some sort of deal

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is announced very soon.

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Oprah has media empire,

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and the King and the Royal
Family has recently decided

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that Saudi Arabia will open movie theaters

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around the country.

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This is a new development.

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Most of the movie theaters
closed in the late '70s.

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And now they want to open movie theaters.

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There will be some
interesting restrictions.

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Some of them may have separate
seating for men and women,

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but he's looking to
really get Saudi Arabia's

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arts and cultural and
entertainment scene jump-started.

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So I see his meeting with Oprah
as part of that initiative.

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For many, many years, the Saudi economy

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has largely been dependent
on the sale of oil,

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and on oil revenues.

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And his goal is to diversify the economy

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and to create a much more dynamic place

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that is not dependent on oil revenues

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from the National Oil Company or Ramco.

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(upbeat music)

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