Middle East faces a reckoning
19 November 2024
Commentary
Edmund O'Sullivan
Former editor of MEED
For a year, the carnage in Gaza that has spread to the West Bank and Lebanon has been a source of dismay for the Middle East. But its impact has been limited – unless you were a target or know someone who is.
The moment is coming when that will change. Donald Trump’s decisive victory in the US general election has been swiftly followed by the announcement of senior government appointments of people who are both ideological and uncompromising. And they are in a hurry.
Iran is Trump’s top Middle East foe, but that is not new. In his first term, Trump pulled the US out of the nuclear deal with Tehran, ratcheted up economic sanctions and ordered the assassination in Baghdad of Qasem Soleimani, commander of Iran’s Quds Force.
Iran’s allies in Iraq, Syria, Lebanon and Yemen will also be hit, but that is something the administration of President Joe Biden also did.
Regional focus
The new administration’s sights are now also set on Gulf Arab states and others in the region that have expressed support for Gaza and the Palestinians without doing much to help.
There is speculation that Trump is preparing to recognise occupied Palestinian territories as part of Israel. This is a nightmare for Middle East moderates.
The new administration’s sights are now set on Gulf Arab states
On 11 November, Saudi Arabia’s Crown Prince Mohammed Bin Salman Bin Abdulaziz Al-Saud told a summit of the leaders of Muslim nations in Riyadh that the attack on Gaza was genocide, called for action to create a Palestinian state and demanded an end to Israel’s offensives in Palestine and Lebanon. Countries that are party to the Abraham Accords of 2020 have been more measured in their public statements, but not by much.
And yet, these are the ones that are likely to be under pressure from Washington to recognise Israel, assent to its destruction of hope for the twin-state solution and – going by the calls made by Republican US senator Lindsay Graham in a visit to the region in October – both run Gaza and finance its reconstruction.
This seems completely impossible, but not for those who will dominate US government from 20 January 2025. Whoever will be secretary of state under Trump may have other priorities, including ending the war in Ukraine, but the tone for US policy in the Middle East has been set. Arab states that welcome Trump and want a defence and security relationship with Washington are going to have to balance that with their demand for justice for Palestine.
These priorities are now irreconcilable. A reckoning for the region is coming.
Connect with Edmund O’Sullivan on X
More from Edmund O’Sullivan:
> Biden leaves a mixed legacy
> Desperate days drag on
> The beginning of the end
> The death of political risk
> Italy at centre of new reduced Europe
> US foreign policy approach remains adrift
> Rainmaking in the world economy
> New shock treatment for Egypt’s economy
> Syria’s long march in from the cold
> Lebanon’s pain captured in a call from Beirut

Exclusive from Meed
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Ora Developers adds land bank to its Bayn masterplan17 April 2026
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Public Investment Fund backs Neom16 April 2026
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Kuwait gas project worth $3.3bn put on hold16 April 2026
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Iraq pushes to revive oil pipeline through Saudi Arabia16 April 2026
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Ora Developers adds land bank to its Bayn masterplan17 April 2026
Egyptian firm Ora Developers has signed a land acquisition agreement with Abu Dhabi-based developer Modon Holding to acquire an additional 4.8 million square metres (sq m) of land in the Ghantoot area between Abu Dhabi and Dubai.
Ora Developers said that the land acquisition will increase the existing Bayn masterplan from 4.8 million sq m to 9.6 million sq m.
The firm added that the total investment in the masterplan upon completion is expected to reach AED30bn ($8bn).
In January, Ora Developers appointed six engineering consultancies to lead the development of the first phase of its Bayn residential community project.
The developer appointed UK-based firm Mace to lead the overall project management.
Canadian firm WSP will serve as the masterplan, infrastructure, landscape and water bodies design consultant, as reported by MEED in May last year.
Another US firm, Aecom, will provide construction supervision services.
Hong Kong’s 10 Design is the project’s architectural concept design consultant.
Local firm Dewan Architects & Engineers is the project’s design consultant and architect of record.
The UK’s Currie & Brown is the cost consultant.
The first phase will offer 805 villas and townhouses, and the project is expected to be completed in 2028.
The project will also include a neighbourhood park, sports facilities, a water park, a five-star hotel and a shopping mall.
In December last year, Abu Dhabi government-owned contractor NMDC Group won a AED142m ($39m) contract from Ora Developers.
The contract scope covers the execution of enabling works on the Bayn masterplan.
The main construction works on the project's first phase are expected to begin in the second quarter of this year.
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Saudi Arabia Railways (SAR) has set a deadline of 29 April for a design-and-build contract for the construction of a new railway line, the Riyadh Rail Link, which will run from north to south Riyadh.
The tender was issued on 29 January. The previous bid submission deadline was 29 March.
The scope of work includes constructing a 35-kilometre-long double-track railway line connecting SAR’s North-South railway to the Eastern railway network.
The contract also covers the procurement, construction and installation of associated infrastructure such as viaducts, civil works, utility installations, signalling systems and other related works.
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Public Investment Fund backs Neom16 April 2026
Commentary
Colin Foreman
EditorRegister for MEED’s 14-day trial access
Saudi Arabia’s Public Investment Fund (PIF) has backed Neom by including it as one of six strategic ecosystems in its newly approved 2026-30 strategy.
The future of the $500bn gigaproject had been thrown into doubt following the postponement of the 2029 Asian Winter Games at the Trojena mountain resort, the cancellation of construction contracts – such as the $5bn deal with Italian contractor Webuild for dam works at Trojena – and the slowdown of development at The Line, where tunnelling contracts were cancelled and staff left the project.
The backing comes as Neom’s operational focus appears to be evolving in response to shifting regional dynamics and global economic conditions. For example, on 15 April Neom posted on its official X account about a new Europe-Egypt-Neom-GCC corridor, describing it as a faster route for time-sensitive goods. It said the corridor combines trucking and ferry services to move goods quickly into the Gulf, adding that importers from several European markets are already using it to reach the UAE, Kuwait, Iraq, Oman and beyond.
Powered by Pan Marine, DFDS and regional RoPax services, the initiative is positioned as a way to add flexibility and resilience to regional supply chains. This emphasis on logistics and immediate trade utility suggests a shift away from the more speculative architectural announcements that characterised Neom’s early years, towards activity more directly tied to current market realities.
PIF’s broader 2026-30 strategy places heavy emphasis on “delivering competitive domestic ecosystems to connect sectors, unlock the full potential of strategic assets, maximise long-term returns and continue to drive the economic transformation of Saudi Arabia”.
The inclusion of Neom as a standalone ecosystem within the Vision Portfolio suggests that while the project remains part of the kingdom’s Vision 2030 goals, it will be subject to the fund's focus on working with the private sector.
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