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Since 9/11 and the 2003–2005 terrorist attacks within Saudi Arabia, Saudi Shi’a have been variously considered as Iranian agents, terrorists within, apostates, political dissidents, partners in national dialogue, targets of development projects, and aspiring students and citizens. This multiplicity of portrayals suggests that the status and role of Saudi Shi’a fluctuates according to national priorities, domestic, regional, and international political concerns, and fluctuations in the economy. This paper analyzes the interplay between events and trends, on the one hand, and the status and perceptions of Shi’a, on the other, giving attention to both moments of hope, such as the Saudi National Dialogue on dealing with the religious “Other,” the inclusion of Shi’a in the King Abdullah Scholarship Program, and the growing youth activist population creating points of connection and cooperation between Sunnis and Shi’a in social …