Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Diversification began long time ago with weapon systems from France and England..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
Let us look at KSA exports for 2023.
Saudi Arabia’s Top Exports 2024
Saudi Arabia’s top exports for 2024 largest trading partners plus an analysis of trade surplus or deficit for major Saudi export productswww.worldstopexports.com
- Mineral fuels including oil: US$251.4 billion (84.3% of total exports)
- Plastics, plastic articles: $16 billion (5.4%)
- Organic chemicals: $12.2 billion (4.1%)
- Fertilizers: $4.3 billion (1.5%)
- Aluminum: $1.76 billion (0.6%)
- Inorganic chemicals: $1.48 billion (0.5%)
- Aircraft, spacecraft: $1.37 billion (0.5%)
- Gems, precious metals: $1.26 billion (0.4%)
- Copper: $1.14 billion (0.4%)
- 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.
We use essential cookies to make this site work, and optional cookies to enhance your experience.