Saudi Arabia became rich by oil. When the oil is used up, what do you live on?

Saudi Arabia was originally a poor country in the Middle East, but after the discovery of oil in 1938, like a nouveau riche, it suddenly changed the poor and backward situation and became one of the countries with the highest per capita income in the world. Because of oil, Saudi citizens live a high standard of life. When Saudi Arabia was founded, it paid great attention to social welfare, and implemented various welfare measures such as free education, free medical care, free social security, unemployment insurance and lowering food prices. Others think that oil will run out one day. What kind of life would the Saudi royal family live without oil?

This possibility also exists. Now the situation facing Saudi Arabia is that there are 654.38+050 billion barrels of oil to be developed. According to the data, Saudi Arabia's current oil production capacity is 65,438+00,000,000 barrels per day, which means that Saudi oil can be exported for another 70 years, and the oil will be consumed.

In fact, this kind of worry is unfounded. The Saudi royal family is also very smart, and they will not sit still. They have found a solution.

Developing Tourism Saudi Arabia can imitate Dubai to develop tourism, build an international financial center and get rid of its dependence on the oil economy. Saudi Arabia is also actively carrying out social reforms to develop tourism, actively promoting industrial transformation and learning from Dubai to develop tourism economy.

Saudi Aramco, the largest oil company in China, informed the global tourism market that it was close to 1/8, which means that one out of every eight barrels of oil in the world comes from the company. After the company goes public, its market value will also exceed 2.5 trillion US dollars. Now, the shares of Saudi state-owned oil companies are publicly listed for the first time, which is a harbinger of oil companies' reform to other financial companies and industrial transformation.

The Kingdom of Saudi Arabia began to promote Saudi Arabia on 20 14? Vision 2030 reform? It is hoped that while stimulating domestic economic development, it can also improve the self-sufficiency rate of national defense industry and promote the development of new energy and tourism in China. Saudi Arabia has made great progress in this reform. Although Saudi Arabia now relies on oil resources, it has promoted the development of other industries and reduced its dependence on the oil economy.

Second, Saudi Arabia is about to develop new energy sources. Saudi Arabia mainly relies on the big desert, which is also a desolate desert. With little precipitation and plenty of sunshine, it is one of the regions with the highest solar radiation in the world. The desert is rich in new energy development potential. For example, in the desert of Saudi Arabia, the wind energy potential is also huge. The average wind speed in the desert of Saudi Arabia is as high as 6 meters per second, which is economically feasible. Therefore, the exhaustion of oil is not terrible for Saudi Arabia!

At the 20 17 World Future Energy Conference, the Minister of Energy of Saudi Arabia put forward the idea of developing solar, wind and geothermal power generation projects. Combination boxing? It is planned to complete the task from 2023 to 2030.

Therefore, it can be seen that in order to maintain absolute monarchy, the Saudi royal family will actively explore new ways to change its dependence on the oil economy and create great wealth for the country!