Saudi Arabia's push for reforms could face a backlash from within and there is no guarantee the drive by Crown Prince Mohammed bin Salman will succeed, one of the biggest oil investors in the Middle East, France's Total , said on Thursday. "You don't change into a secular regime just like that," Total Chief Executive Patrick Pouyanne told an event in London.
While most of Saudi Arabia's young population, roughly 70 percent of the total, support the reforms, the older generation might be reluctant to accept such changes, he said. "I am supportive of this reformist spirit, even if it is difficult to be optimistic or pessimistic at that stage. Major changes are not always easy to implement and can take time," Pouyanne told Reuters after his initial remarks.
At Thursday's event, Pouyanne was asked if Prince Mohammed was a reformist like former Soviet President Mikhail Gorbachev, who was stripped of power in 1991 in a coup led by communist party conservatives and left jobless the same year by the collapse of the Soviet Union. "Do you remember what happened to (Mikhail) Gorbachev?" Pouyanne responded. "As you remember chaos came before stabilisation happened."
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