The Saudi leadership shake-up and wave of arrests over the weekend have rattled potential investors in the kingdom’s ambitious modernization drive to create a new city, diversify the economy and sell off a slice of the state-owned Saudi Aramco oil company. Crown Prince Mohammed bin Salman has made the modernization drive, dubbed Vision 2030, the centerpiece of his plan for the kingdom, combining economic reforms and modest steps toward social liberalization. But the kingdom has pared back important but painful domestic economic reforms and been distracted by its blockade of Qatar and long-running war in Yemen. Now the abrupt internal purge — ousting economic technocrats, a billionaire prince and other members of the royal family — has left experts wondering whether it is truly aimed at corruption or at Mohammed’s political rivals. “The kingdom is at a crossroads,” Bruce Riedel, director of the intelligence project at the Brookings Institution […]