I just read this hilarious article! Saudi Arabia apparently is going to get around $360 billion dollars of investment in the near future - all of which will be coming from foreign banks and investment portfolios.
Okay, the reaction you should have had as you read that sentence was:
"WOW! Foreign investors really like the fact that Abdullah is now "king," and have decided to pour their monies into Saudi Arabia."However, that reaction would have been misplaced. It appears that while most of the countries in this world have to work their butts off to create conditions that would attract foreign direct investment and economic growth, which would lead to more comfortable standards of living, all the Saudis have to do is snap their fingers!
You see, the $360 billion is actually Saudi money that was invested overseas. It appears that those who make the decisions in that Kingdom have decided that "the conditions are now ripe for investments."
All that money... all that power... imagine! The Saudis don't even need foreign investors. In my opinion, that autonomy is one of the main reasons that kingdom's society is so backward and underdeveloped.
Oil: the curse of the Middle East!