Why did Saudi Arabia, which made its fortune on oil, transform its economy?
The rise in oil prices is undoubtedly good news for Saudi Arabia, and Saudi Arabia's decision to transform has also made many countries feel incredible. What caused them to decide to transform?
Saudi Arabia is a Middle Eastern country, the Middle East is an oil-producing region, and the country here can make a lot of money from oil. Oil can plunge many countries into war. Saudi Arabia is a very oil-rich country, with which it has become one of the richest countries in the world, and the reason why there are fewer wars here is because it has relatively good relations with the United States. The United States, as Saudi Arabia's most solid backing, provides a lot of oil to the United States every year. Saudi Arabia can make a fortune on oil alone, but in recent years there has been an interesting situation in Saudi Arabia that it is promoting the upgrading and transformation of domestic industries. This is incredible to many countries.
Of course, the reason for Saudi Arabia's transformation is that it cannot always rely on the protection of the United States, although it has a lot of oil resources, but its own agriculture is still very weak, and the food here is basically imported. Even when the pandemic hit, there was a food crisis here. Most people point to developing oil, so the first thing Saudi Arabia needs to do to ensure its domestic security is to get rid of its dependence on other countries.
The Arab ambition to kill him is very large, and most of the reasons why wars in the Middle East break out are because of energy resources, but Saudi Arabia is still very dominant in this regard, because Saudi Arabia has religious shrines here. They kick out that the transformation is being implemented gradually, which can promote new developments in the country.
