It'll be interesting to see how the Arab states will diversify their economies in the next decade. There's really not much to exploit there except oil, so unless they pump out enough money to basically rest on their investments in perpetuity I'm really not sure what to expect.
I assume you mean gulf States, cause most Arab States don't have that much oil if any. A lot of them have agricultural economy.
Nothing wrong with it especially since they've more than enough reserves to maintain their Dollar peg.
The wisdom of these gigprojects in the middle of a desert aside, it would be awesome more governments would stop trying to run themselves into the ground for profit. Because who the fuck is benefiting if a country is taking more in taxes then they are providing their citizens in services?
Better mega projects than bombing Yemenis and feuding pointlessly with Iran.
