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Saudi Arabia From oil to industrialisation

Discussion in 'Middle East & Africa' started by The SC, Aug 19, 2012.

  1. The SC

    The SC ELITE MEMBER

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    From oil to industrialisation: Saudi Arabia to stop new oil exploration to save the wealth and pass it on to future generations.

    Saudi Arabia has stopped exploration missions of new oil fields to save the wealth and pass it on to future generations, King Abdullah, Custodian of the Two Holy Mosques, said here Thursday.

    The King was speaking during a reception of a group of Saudi students studying in the United States.

    The number of Saudi students pursuing their higher education in the United States has reached 30,000 thanks to the King’s Scholarship Program.

    King Abdullah, who expressed hope that oil will last for a long time, said that when recent exploration for underground resources started, he ordered that it be ended because the oil should be left for future generations. The King said once in a meeting of the Cabinet he asked the ministers to repeat a prayer after him “May Allah prolong its life.” “What is it?, the ministers replied,” the King said.

    “It is the oil wealth,” he answered them. “Just leave the underground wealth for our sons and their sons,” the King said as he continued his response to the ministers.

    During the reception, which was attended by the Saudi Cultural Attaché in the United States, Dr. Muhammad Al-Isa, the King said that the Kingdom is well and its future will be prosperous. He urged those in attendance to preserve the good reputation they enjoy in all countries of the world. “You are ambassadors of your homeland. Thank God, your homeland is proceeding resolutely to a prosperous future, God willing. And what is unknown is even better,” the King told the audience.

    Wishing the students success, the King also expressed a hope to see them soon in the Kingdom, contributing to its progress. “God willing, I will see the best of you all,” he addressed the students at the end of his short welcome speech.

    King back in

    Casablanca,King Abdullah arrived in the Moroccan city of Casablanca early Friday after a three-day official visit to the United States.


    Arab Security Blog: From oil to industrialisation: Saudi Arabia to stop new oil exploration to save the wealth and pass it on to future generations
     
  2. Tihamah

    Tihamah FULL MEMBER

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    We need a heavy and auto industry base before thinking about building jets, it is of course possible to do it by founding an aero-space company and hiring engineers from all over the world, but if we want to do it correctly then we must have th base before starting building jets.

    also building a modern jet is really expensive, for example developing F-22 costed more than a trillion USD, so this needs to be calculated carefully, would we build a good jet or just a useless jet which which we could safe expenses by buying it?

    Any way i believe we need to invest in Infantry fighting vehicle, a Tank & missile program...those are much cheaper and easier to build before thinking about jets.....

    how ever it is a political descision, the question does our goverment really have an intention in having local arms industry so we don't get black mailed by sellers? or they just don't care.
     
  3. The SC

    The SC ELITE MEMBER

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    King Abdullah greenlights Gazal 1 to become first Saudi-made car

    [​IMG]




    The very first car designed and built in Saudi Arabia is officially a reality. King Abdullah unveiled the production Gazal 1 at a special ceremony yesterday and congratulated everyone who participated in the vehicle's development on a job well done. As you may recall, the Gazal 1 was a special project created by the students at King Saud University. Though built off the bones of a Mercedes-Benz G-Class, the KSU kids penned the exterior and reworked the interior to accommodate Saudi Arabia's notoriously brutal climate and demanding terrain.

    When we saw the original Gazal 1 design study at this year's Geneva Motor Show, we thought the vehicle looked pretty good, especially considering how little experience the SUV's designers had in bringing a full-scale vehicle to life. From what we can tell, it looks like the production version has stuck fairly close to the big green model we saw back in March. That means the Toyota FJ Cruiser-style roof has made its way into reality along with the very International grille.

    It works for us, especially considering the go-anywhere Mercedes-Benz components bolted underneath. No one's said what's under the hood of the Gazal 1, but we're guessing the same 382-horsepower 5.5-liter V8 from the standard G550 is a good bet.

    King Abdullah greenlights Gazal 1 to become first Saudi-made car
     
  4. American Pakistani

    American Pakistani ELITE MEMBER

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    Good decision but they should go after oil exploration too, get wealth & become big mighty economy invest petro $ on industrialization & developments. Handover a Saudi Arabia with mighty economic power to coming generation. Who knows after a decade or 2 there would be no need of Oil?
     
  5. Sinnerman108

    Sinnerman108 SENIOR MEMBER

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    Here is something that the Saudi Gov SHOULD be doing, but is missing out and that is investing in IPRs directly.

    See, the King is sending thousands of students to study abroad, with a promise that they will come back ..( a lot of them don't want to ).

    However if Saudi Gov sets up a IPR fund, and encourages people to study abroad and setup industry with registered IPRs in Saudi Arabia would give the country a MASSIVE lift.
     
  6. FatihSultanMehmet

    FatihSultanMehmet BANNED

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    how long is the oil expected to last?
     
  7. Nishan_101

    Nishan_101 BANNED

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    Tell us about their recent military industrialization. WHat about JV with Germans on Subs??? U-216 or newer!!!
     
  8. The SC

    The SC ELITE MEMBER

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    Saudi Arabia does not seem to be much interested in subs, but mostly in anti submarine warfare, the UK made many offers and German subs might or might not be available to KSA!

    The Idea of German JV with SA on modern subs with ToT is a very sound Idea, but the decision has a lot to do with German foreign policy and to what extent Israel can intervene in it (the latest attempts were failures).
    The best example is the purchase of the Leopard-7 MBT and its controversy in the German political arena (Zionist's influenced), but economy has its own reasons and one never knows what will happen in future relations between SA and Germany. The latter has much to gain (economically) from a good relation with SA which has many other avenues and possibilities for procuring the best armaments in any field.
     
  9. Banglar Lathial

    Banglar Lathial FULL MEMBER

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    Unfortunately, given the level of analytical and reasoning abilities displayed by Saudi members here (even amongst their more intellectually gifted members), elsewhere and in real life, it is doubtful how much of it will be of any use. In 2011, about half of their GDP was derived solely from the sale of petroleum resources, and they have no control over the price of this vital resource, nor do they price it in any other currency than the dollar.

    Look at any economic forecast by SAMBA, or any other institution, on the Saudi Economy. They are mostly prepared by Anglo American axis that form the most notable enemy of Muslims today. Even their so-called economic reforms were copied from those reforms in Dubai, UAE. A truly clueless and uncultured populace, if ever there was one, considering the level of wealth. When one meets an 'average' citizen from a third world country with African or Indian level of prosperity, you may expect him to behave and think in a certain way based on their lack of exposure to logical deductions and critical thinking exercises. When you meet someone from any of the wealthier countries of the world, whose citizens can live like 'kings', so to speak, in Middle income countries, and whose citizens are relatively well-off compared to other third world countries, you expect the 'average' citizen of that country to behave and think in a more refined, sophisticated way.

    The mismatch between intellectual capability and knowledge of a citizenry and their wealth is not more pronounced in any other part of the world.
     
  10. Banglar Lathial

    Banglar Lathial FULL MEMBER

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    Look at KAUST, the vast majority of their professors are foreign and worse yet, nonmuslims. Even Muslims that are employed must have had to 'prove their worth' by degrees from the West. A shameful bunch. A blight on the Muslim Ummah are the followers of Abu Jahl and Abu Lahab. The problem is that a lot of innocuous and ignorant Muslims think that since the holiest cities are located there, the citizens must be competent followers of the Prophet Muhammad (PBUH) and his noble companions.


    Edit: I hope I am not thanked by Iranian regime supporters because they would take this as an opportunity to assert their racial/nationalistic 'superiority'. I just hope the more knowledgeable Muslims of the world actually shed their petty national, ethnic, linguistic, political and other differences to keep the backward bunch contained within the petty confines of the Empty Quarter.
     
  11. Riteon

    Riteon FULL MEMBER

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    WELL DONE SAUDI ARABIA . The king is great for this endeavour. Knowledge is the true wealth . it has no color no race nor religion. get it from where ever you can
     
  12. BLACKEAGLE

    BLACKEAGLE ELITE MEMBER

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    Which Ummah?! The western professors are known for their professionalism and integrity while Bangalis are known for their crime records until some GCC banned them.
     
  13. Hyperion

    Hyperion PDF THINK TANK: ANALYST

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    The new king is definitely on the right track!
     
  14. Banglar Lathial

    Banglar Lathial FULL MEMBER

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    Westerners are known for their actions in Iraq, Palestine, Afghanistan, to name a few countries. Bangladeshis are known for their criminal activities everywhere in the world, that's nothing new. Yet, even complete stooge regimes like BAL (current govt of BD) has not sent its troops to kill fellow Muslims in Afghanistan like stooge regimes of Turkey, Egypt, Jordan or UAE, nor did Bangladesh ever allow its base to any infidel force to kill Muslims. On the other hand, Bangladeshi fighter pilot Saif ul Azam flying for Jordanian air force shot down multiple so called "Israeli" fighter planes without any loss. Meanwhile, Jordanian king begs his American masters for favour when Americans were busy killing Iraqis and so called "Israelis" were busy killing Palestinians, for example.


    Also, you should know which Ummah the term "Muslim Ummah" refers to. Do you know the meaning of "Muslim"?
     
  15. BLACKEAGLE

    BLACKEAGLE ELITE MEMBER

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    If Saudi has no control over oil prices then who else does? Believe me, very few would appreciate you talking about analytical and reasoning abilities. The rest of your post doesn't deserve to be pointed out.