Saudi Arabia is open for business. That was my impression of the Crown Prince's reforms on women's liberties and the political shakedown on ruling family members and peers in 2018.
Oil reserves don't last forever; they're depletable. I used to say that Saudi Arabia's oil money (profits) won't last; that the kingdom will have to diversify its economy.
Was Riyadh now appealing to the prospect of tourism and foreign direct investment?
It wasn't until I read The Green New Deal (Jeremy Rifkin) that I considered not only the supply side of oil. Rifkin talks about aggregated energy efficiency, or the energy bang for your buck). The increasing efficiency of renewable energy will place it in greater demand year after year.
Related: Global Recession (2020)
Related: "The Green New Deal"
Related: Octogenarian, II (2021)