Today, where the Saudi economy stands, is not exactly it stood years before. Today where the country is, it is all because of some valuable decisions and milestones events which took place in the history.
This article will highlight those 10 events that have a great role in changing the destiny and future of the country.
1-Discovery of oil: The major event that changed almost everything was the discovery of oil back in 1938 at the well of Dammam. It was only when King Abdul Aziz felt that the country without natural resources such as water and fertile land was leaping behind its neighboring countries and the world.
After Britain refused to approve a loan of 500,000 pounds for oil exploitation, King approached the US for assistance. The oil exploitation that started in 1933 with US assistance was a pure failure.
When at last the US was thinking to withdraw its assistance in 1936, well no. 7 was discovered with commercial oil. It was able to spur out 4,000 barrels of oil a day.
2-The meeting between King Abdul Aziz and US President in 1945: King Abdul Aziz knew that the US would soon emerge as a superpower and thereby he decided to hold great relations with them.
He held a meeting with Franklin Roosevelt, the then president in 1945. The meeting marked the start of great relations between the two states.
3-Increased Saudi Arabia’s share in Aramco: In 1973 Saudi Arabia increased its share to 25% in Aramco, which is a Saudi oil giant. Interestingly the oil prices jumped to $35 from mere $3 a barrel in 1981.
4-1979’s attack on Grand Mosque: On November 20, 1979 Juhayman Al-Otaybi and his people attacked the Grand Mosque of Makkah allowing people of Saudi Arabia to unite for Islam.
5-Iraq invasion of Kuwait: In 1990 Iraq invaded Kuwait allowing for an economic recession in Saudi Arabia as Saudi Arabia has spent lavishly to liberate Kuwait.
6- A Saudi joining Al-Qaeda: When a 15 years old Saudi national joined Al-Qaeda and took part in 9/11 attacks in US, there were many who tried to end up US-Saudi ties. So much so that US was pumped to attack Saudi Arabia.
7-Kingdom’s action against Al-Qaeda: The most dramatic event that took place in the history of Kingdom of Saudi Arabia is one where Saudi Arabia decided to fight against Al Qaeda face to face.
8-Iran’s attempt of expansion: In 2011 Iran attempted to expand its rule by occupying Gulf. Yet quick Saudi action failed the attempt of Al-Jazeera Shield Forces to enter Bahrain.
9-Taking part in Yemen war: Saudi Arabia took an active part in the Yemen war by supporting the President Abdrabb Mansour against the Houthi control. Saudi Arabia and other countries were able to let 80% of Yemen free. They were also able to protect the international maritime routes.
The vision sets to establish moderate Islamic culture, achieve economic stability, reestablishing the international status and to strengthen Saudi military for protection of Saudi Arabia.
Source: Saudi Gazette