Gaza-Israel Conflict | 2023-2024

The SC said:
No my friend..you have little knowledge about what is going on in Saudi Arabia and the UAE at least.. they have already diversified the oil industry to petrochemicals, mining, high tech and many other fields of interests to humans..their economy is 50% based on Oil now..Gas is not going to fade as OIL might (based on speculations!)..all this make your speculations just that..speculations..Even military wise..they are buying from many other sources than the US, China, Russia, France , GB, South Korea, Brazil, South Africa..etc, all with relevant TOT and JVs.. Even the US can't sell them any weapon system without ToT today..
Click to expand...



Let us look at KSA exports for 2023.

Saudi Arabia’s Top Exports 2023

Saudi Arabia’s top exports for 2023 largest trading partners plus an analysis of trade surplus or deficit for major Saudi export products
www.worldstopexports.com www.worldstopexports.com


  1. Mineral fuels including oil: US$251.4 billion (84.3% of total exports)
  2. Plastics, plastic articles: $16 billion (5.4%)
  3. Organic chemicals: $12.2 billion (4.1%)
  4. Fertilizers: $4.3 billion (1.5%)
  5. Aluminum: $1.76 billion (0.6%)
  6. Inorganic chemicals: $1.48 billion (0.5%)
  7. Aircraft, spacecraft: $1.37 billion (0.5%)
  8. Gems, precious metals: $1.26 billion (0.4%)
  9. Copper: $1.14 billion (0.4%)
  10. Rubber, rubber articles: $768.6 million (0.3%)"

2, 3 and 4 are all directly related to KSA oil reserves.

That means 95% of KSA exports are wholly or mainly due to their oil reserves.

As for the military, KSA is seeking a "security guarantee" from USA as quid-pro-quo of officially recognising the Zionist entity and at least 90% of its weapons by value comes from the US or its lapdog the UK.

This "balancing" is mainly just "optics" to try to show that the KSA regime is not wholly dependent on the US for its very survival.
 
FOOLS_NIGHTMARE said:
https://twitter.com/x/status/1829567817735164162
Click to expand...
Fake news, the tourists were Arab Israelis who refused to pay for service. This was a five star resort owned by Movenpick ( a very posh chain of hotels) the tourists swore at the staff and a fight broke out one member of staff was severely injured the tourists were arrested.

As usual people trying to make this an anti Israeli issue. It was a case of people acting like entitled idiots.
 
r3alist said:
But don't you agree that diversification should have been done years ago?
The point really is Saudi are in an uncomfortable race against the replacement of fossil fuels, and it's reliant on the west to not lose.

They could have played both sides, become a player in green tech and oil wealth

China are leading solar energy, Saudi has the sun lol


any indigenous contribution to ai, quantum computing, or higher technology in general



Project neom sound's rushed and potential white elephant


USA has a lot of leverage on your military
Click to expand...
Diversification began long time ago with weapon systems from France and England..

Saudi Aqua power is a leading solar energy company..also Saudi Arabia is one of the biggest in water desalination with some of its own technologies..

Yes a lot of inventions and patents mostly in petroleum industry and chemicals but in many other fields too including chips manufacturing.Ai, Quantum computing along with the UAE and many other high tech.. although less than the petroleum, chemical and material science fields....

Project NEOM is doing fine..just slowed to allow for other priorities.. but doing well..

The US has a leverage on All its allies who buy its weapons..Saudi Arabia chose to diversify its sources well in advance..just in case! while keeping its main weapons American.. and it is because of their quality..
 
UKBengali said:
Let us look at KSA exports for 2023.

Saudi Arabia’s Top Exports 2023

Saudi Arabia’s top exports for 2023 largest trading partners plus an analysis of trade surplus or deficit for major Saudi export products
www.worldstopexports.com www.worldstopexports.com


  1. Mineral fuels including oil: US$251.4 billion (84.3% of total exports)
  2. Plastics, plastic articles: $16 billion (5.4%)
  3. Organic chemicals: $12.2 billion (4.1%)
  4. Fertilizers: $4.3 billion (1.5%)
  5. Aluminum: $1.76 billion (0.6%)
  6. Inorganic chemicals: $1.48 billion (0.5%)
  7. Aircraft, spacecraft: $1.37 billion (0.5%)
  8. Gems, precious metals: $1.26 billion (0.4%)
  9. Copper: $1.14 billion (0.4%)
  10. Rubber, rubber articles: $768.6 million (0.3%)"

2, 3 and 4 are all directly related to KSA oil reserves.

That means 95% of KSA exports are wholly or mainly due to their oil reserves.

As for the military, KSA is seeking a "security guarantee" from USA as quid-pro-quo of officially recognising the Zionist entity and at least 90% of its weapons by value comes from the US or its lapdog the UK.

This "balancing" is mainly just "optics" to try to show that the KSA regime is not wholly dependent on the US for its very survival.
Click to expand...

Saudi Arabia’s Non-Oil Revenue Hits 50% Of GDP​

https://oilprice.com/Energy/Energy-General/Saudi-Arabias-Non-Oil-Revenue-Hits-50-Of-GDP.html


Saudi Arabia's Non-Oil Economy Hits Record High, Contributes Half of Real GDP in 2023

https://www.spa.gov.sa/en/N2065314

​

Saudi Arabia Hits Milestone In Shift Away From Oil Economy​

https://gfmag.com/economics-policy-regulation/saudi-arabia-milestone-shift-oil-green-transition/


*** This is off topic here so better move it to another thread about the Saudi economy..
 
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