Shifting sands: The geoeconomic triumphs of the Gulf

Amid growing geopolitical fragmentation and the rise of middle powers, the United Arab Emirates and Saudi Arabia stand out for their successful attempts to reinvent themselves as regional linchpins. Despite having to operate within an increasingly difficult economic environment, the Gulf states have simultaneously expanded their ties with China, Europa, Russia, and the United States and reaped remarkable economic rewards in the process. 

In this week’s episode, Mark Leonard welcomes senior policy fellow Agathe Demarais, visiting fellow Cinzia Bianco, and policy fellow and Deputy Head of ECFR’s Paris office, Camille Lons, to discuss the geoeconomics of the Gulf. How have the UAE and Saudi Arabia managed to juggle different competing powers? What lessons do their strategies hold for other middle powers? And what should the European Union be doing to pursue its own interests in the region? 

This episode was recorded on 11 April 2024 

Bookshelf: 

3 Body Problem – a Netflix TV Series by David Benioff, Daniel Weiss, and Alexander Woo 

Blind Man’s Bluff: The Untold Story of American Submarine Espionage by Sherry Sontag and Christopher Drew, with Annette Lawrence Drew 

The Power of Currencies and Currencies of Power by Alan Wheatley 

There’s Still Tomorrow – a film by Paolo Cortellesi 

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