What, exactly, have you been doing for the last 30 years with the trillions of dollars of wealth transfers from Western nations into your coffers?
Spreading Wahabbism.
they have developed all sorts of industry that not only provide products for the local GCC economy but for export
I guess they could start selling their women.../S
The Saudi econmy is based on Oil and foreign intellectual capitol + foreign workers.
Save for the permanent status of slavery (replaced with low cost workers that can NOT become subjects of the Crown) a it resembles Pre-Civil war Southern states (replace Cotton with Oil) And much like the rise of Cotton out side of the US South the rise of Frac-Oil is ending the semi monopoly status of the OPEC / Saudi. They will need to diversify to be sure but I do not see any real natural resources to work with nor the population base to do much either.
“What, exactly, have you been doing for the last 30 years with the trillions of dollars of wealth transfers from Western nations into your coffers?”
Pooping in solid gold crappers and abandoning new Mercedes Benzs when they got a flat tire.