The land area is small and the population is small, but there is a huge amount of oil underground. Saudi Arabia's oil exploration rights are contracted to foreign oil giants, and only management fees and resource fees are charged. Oil revenue can make everyone in Saudi Arabia live a happy life, and there is a steady stream of money. So there are many local tyrants in Saudi Arabia.
The reason why Saudi Arabia has money.
Saudi Arabia's income is not only reflected in their financial income, but more importantly, some of their enterprises are very profitable. For example, Saudi Aramco is a company controlled by the Saudi government. At 202 1, Saudi Aramco's profit is very high. After entering 2022, due to the rising oil price, Saudi Aramco's net profit in the first three quarters was unexpectedly high, and it was also the most profitable company in the world.
It is precisely because of Saudi Arabia's considerable fiscal revenue, coupled with the continuous bleeding of Saudi Aramco, a money-making machine, that Saudi Arabia spends money quite heroically.
What super sports cars, private jets and super yachts are all pediatrics. The king of Saudi Arabia spends a lot of money or even more on a trip. For Saudi Arabia, many countries are envious. If possible, some people are willing to put Saudi Arabia into their own pockets.