The Kingdom of Saudi Arabia has done a huge influence over the world and is 1 of the most expensive countries in the world, it is hard to say what it is worth as the kingdom has never revealed its true assets and earnings, but we estimate it to be one of the top 3 wealthiest nations given the nation’s oil wealth and the trade that it has amassed over the years.
The Kingdom of Saudi Arabia is a really valuable ally to have on anyone’s side as the nation is the sole supreme supplier of the oil and other petroleum products and has huge leverage on literally every nation in the world. Saudi has the power to manipulate the markets by its oil wealth, and no one can question it as the Kingdom is ruled by one man, and there is no democracy. Currently, Mohammed bin Salman popularly known as MBS, has been changing quite a lot of things in the nation and is increasing ties with other nations of the world. One of the most important ties it has been focussing on is India. Indian prime minister has made some amazing deals with Saudi over the last few years, and the ties have just become more and more strong as the nation’s become somewhat global leaders.
India has a huge petroleum demand, and this is expected to overtake China’s demand and make it the foremost consumer, this is the reason why both the nations need each other, and a cause for strengthening the ties is just here.
Tags : Mohammed bin Salman, petroleum products,