Saudi Arabia is seeing some progress on dialogue with its longtime adversary Iran, but not enough, the kingdom’s Foreign Minister Prince Faisal bin Farhan al-Saud told CNBC on Tuesday. In the meantime, the minister says it is eager to improve the two countries’ relationship.
“In Saudi Arabia, and I think it’s the same in the other GCC states, we are very much focused — you know, Vision 2030 and other elements — on delivering a vision of the future that is built on hope, that is built on prosperity, that is built on development, that is built on cooperation,” Prince Faisal told CNBC’s Hadley Gamble during a panel at the World Economic Forum in Davos.
“And this is a message that, as I say, we in Saudi Arabia but also the other GCC states who all have their individual visions for the future which are all very much in that same vein, are trying to send to our region, including to our neighbors in Iran.”
“Our hands are stretched out. We are trying to send the message that going into a new era of cooperation in the region can deliver benefits for all of us.”
Saudi Arabia has long named Iran as the biggest threat to stability in the wider Middle East, citing its nuclear program and support for militant proxy groups from Lebanon and Iraq to Yemen, and the two countries severed diplomatic ties in 2016. Tehran insists that its nuclear program is solely for peaceful purposes.
If a deal is reached, which previously lifted economic sanctions on Iran in exchange for curbs on its nuclear program, many regional analysts believe Saudi Arabia and its allies will have little option but to accept Iran’s reentry into the international community.
Earlier this year, Iranian President Ebrahim Raisi said that his country was ready for more talks with Saudi Arabia. “Iran is ready to continue these negotiations until reaching an outcome, provided that the Saudis are willing to continue the negotiations in an atmosphere of mutual understanding and respect,” semi-official Iranian news agency Fars quoted Raisi as saying in a call with Iraq’s prime minister in February.
Leaders of Iraq, a country where the Saudi-Iran rivalry often violently plays out, have hosted several rounds of direct talks between Saudi and Iranian diplomats over the last year. Both countries have expressed cautious optimism about the discussions.
Gulf states are also increasingly skeptical of the U.S.’s security commitment to the region and could view reconciliation with Iran as a way to hedge against future threats from the country. In recent years Saudi Arabia and the UAE have been the targets of numerous drone and missile strikes from Yemen, which U.S. officials say were in many cases either aided or directed by Iran. Tehran denies the accusations.
Iran and the kingdom are on opposing sides of the war in Yemen, which became one of the world’s worst man-made humanitarian disasters after Saudi Arabia launched a bombing offensive against Yemen’s Houthi rebels in 2015.
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