Saudi Arabia now the 18th largest economy in the world and largest in MENA

[ArabianEmpires&Caliphates]

Slowly catching up with the Netherlands on the 17th position. Amazing potential and unlike all countries in the top 20 we have zero taxation (one of the main income sources of most states) and our non-oil/gas economy is booming. Add to that the richest country in the Muslim world in terms of natural resources as a whole (everything from the largest and oldest gold mine in the region to uranium) and a relatively low population although steadily growing. Blessed.

 

[Hamza913]

Slowly catching up with the Netherlands on the 17th position. Amazing potential and unlike all countries in the top 20 we have zero taxation (one of the main income sources of most states) and our non-oil/gas economy is booming. Add to that the richest country in the Muslim world in terms of natural resources as a whole (everything from the largest and oldest gold mine in the region to uranium) and a relatively low population although steadily growing. Blessed.

You should make a much stronger military and go for nuclear weapons.

 

[ArabianEmpires&Caliphates]

You should make a much stronger military and go for nuclear weapons.

A work in progress with close collaboration with Pakistan and China. Uranium extraction is taking place now in KSA (we have one of the largest reserves) and we have several new nuclear engineers each year. Some of whom are working and getting training in places like China and South Korea as well as Russia. Who knows Pakistan as well? My cousin is taking his degree at KAU.

 

[M. Sarmad]

Slowly catching up with the Netherlands on the 17th position. Amazing potential and unlike all countries in the top 20 we have zero taxation (one of the main income sources of most states) and our non-oil/gas economy is booming. Add to that the richest country in the Muslim world in terms of natural resources as a whole (everything from the largest and oldest gold mine in the region to uranium) and a relatively low population although steadily growing. Blessed.

May you prosper and shine!
But never trust the Yanks

 

[Wilhelm II]

we have one of the largest reserves

No we are not we have little reserve of uranium

 

[ArabianEmpires&Caliphates]

No we are not we have little reserve of uranium

Wrong.

https://english.mubasher.info/news/3251245/Saudi-Arabia-owns-5-of-global-uranium-reserves

We have one of the biggest phosphate reserves in the world too and you can extract uranium from phosphates!

 

[Wilhelm II]

Wrong.

https://english.mubasher.info/news/3251245/Saudi-Arabia-owns-5-of-global-uranium-reserves

We have one of the biggest phosphate reserves in the world too and you can extract uranium from phosphates!

Ok so making nuks is easier

 

[ArabianEmpires&Caliphates]

Ok so making nuks is easier

In principle yes. It is old technology anyway. The focus should be on chemical weapons, modern fusion bombs etc. I think that we should keep trying to have cordial relations with both West (USA) and East (China - our largest trade partner and trusted ally). While slowly moving away from the US as seen with the projects with China (nuclear, uranium extraction, trade, oil exports, ballistic missile program etc). We have many cards in our hands. Also look promisingly at the Russia relations which are growing. Look how easy we reached a deal with Russia (in principle) on the S-400. Both of us regulate the oil market too and coordinate policies each week. This is the most profitable business in the world so you can figure out how important the relationship really is. Just a more hidden one I would say.

 

[dani191]

if the oil price up they can be 10 in the world

 

[Baz]

poor guys fully reliant on oil and trust me they will still be fully reliant on oil for the next 100 years

 

[ArabianEmpires&Caliphates]

poor guys fully reliant on oil and trust me they will still be fully reliant on oil for the next 100 years

Poor guys? We Arabs (Arabians) have been blessed since forever. For millennia (long before Islam) we had some of the richest and oldest civilizations on the planet and controlled the trade between east and west (google Incense trade, find out why the Arabian Sea is called the Arabian Sea and not for instance the British Sea).

Then came the Islamic age were we created the largest and richest empires seen to date (back then and to this very day outside of the British Empire and very short-lived Mongol empire)). Whose legacy is living to this very day on numerous fronts (culture, religion, language, ethnicity, huge geography in the form of the Arab and Islamic world etc.)

In the modern era we have been blessed once again with an abundance on oil, gas and minerals. More than anyone else in the region and anyone else in the world compared to population size.

Nowadays our non-oil/gas economy is booming and so is our economy irregardless of low oil prices for the past 4+ years. You should not really worry. We are even so generous (famous Arabian trait) that we are helping our allies, among them Pakistan, financially in times of hardship.

 

[New World]

Slowly catching up with the Netherlands on the 17th position. Amazing potential and unlike all countries in the top 20 we have zero taxation (one of the main income sources of most states) and our non-oil/gas economy is booming. Add to that the richest country in the Muslim world in terms of natural resources as a whole (everything from the largest and oldest gold mine in the region to uranium) and a relatively low population although steadily growing. Blessed.

May Allah bless Arabia and give conscious and courage to the Arab leaders to bring peace and prosperity in the Arabia and they may allied with themselves and with Muslims instead of the west.

 

[HannibalBarca]

SA have great potential... All the prosperity to you...
My take on it is simple... You guys could have been in the Top 10 some decades ago...
As of Today... despite all the advancement and diversification... you are still not far from Yesterday mistakes... Even though you have literally all the gold of the world...

You will not be able to go beyond your ''Plateau'' as long as your Social structure is the same as yesterday/like yesterday.

A Stable Prosperity doesn't come from Gold... but from the ability to create/sustain ALONE the way you use/distribute that same Gold.

And not to be alarmist or mean... As of today... you would not be able to get there with your current ''situation''
Only after some ''Condition''... one of them is a Leadership that Re-structure it By force... Something MBS IS NOT doing (Economical reforms is different from Social restructuration) or the more Costly but still the most efficient and fastest way... that is WAR... Not the Yemen one or the proxy ones... a full war where every level of the society take part in it...
You need to sacrifice something...

 

[ArabianEmpires&Caliphates]

SA have great potential... All the prosperity to you...
My take on it is simple... You guys could have been in the Top 10 some decades ago...
As of Today... despite all the advancement and diversification... you are still not far from Yesterday mistakes... Even though you have literally all the gold of the world...

You will not be able to go beyond your ''Plateau'' as long as your Social structure is the same as yesterday/like yesterday.

A Stable Prosperity doesn't come from Gold... but from the ability to create/sustain ALONE the way you use/distribute that same Gold.

And not to be alarmist or mean... As of today... you would not be able to get there with your current ''situation''
Only after some ''Condition''... one of them is a Leadership that Re-structure it By force... Something MBS IS NOT doing (Economical reforms is different from Social restructuration) or the more Costly but still the most efficient and fastest way... that is WAR... Not the Yemen one or the proxy ones... a full war where every level of the society take part in it...
You need to sacrifice something...

Not possible to be in top 10 with our population (some 25 million natives). No country in the top 10 anywhere in the world have such a relatively small population. We (Arabia) would have been in the top 10 without a doubt if Arabia was one country. In that case we would also have 80+ million people. 18th is a very good position for us. Take into account the high living standards, GDP per capita, HDMI index (only better in small countries in the Muslim and developing world such as Qatar and UAE with very small native populations) we are doing very well including mostly 80+ years of peace since the kingdom was united formally.

The social structure is undergoing massive change. Look at the role of women. More women graduate at universities than men. Most of the idiotic 30 year old laws (as a consequence of the Sahwa movement, Grand Mosque Seizure in 1979 and the "Islamic" revolution next door the same year) have gone. Taxation is being proposed thus more political inclusion for the people (citizens) which will be the consequence otherwise it will not be possible. The Yemen war and our more offensive role in the region (with all the dangers this entails) is sacrifice.

So is for the clerical elite to publicly admit that they were in the wrong doing the Sahwa movement and publicly apologize to the public. This is enormous change that nobody would have believed 5-6 years ago. MbS has his faults, as any leader in the region and the world, but overall he is doing much more good than bad and pushing the country forward and combating anyone that want the previous status quo and want to weaken the country.

I am very positive given that we are a very educated and young (one of the youngest societies in the world) population who all knew what it was to live under the Sahwa movement thus the vast majority of us would not shoot ourselves in the foot and fight for some "Islamic revolution" or other nonsense in case the House of Saud rule ends one day which it will like that of any dynasty in what is now KSA in the past many millennia or anywhere in the world. Certainly the situation could be much worse and I would not change our current position with any regional country and that is the most important thing. That and progress being made. On practically every front, the most important being education.

 

[damm1t]

The petroleum sector accounts for roughly 87% of Saudi budget revenues, 90% of export earnings, and 42% of GDP.

I wouldn't be so proud of such oil-run economy. If Turkey had this much oil, we already would be in TOP 10.