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Kingdom taps well of fortune Kingdom opens its doors Tax breaks and full ownership of projects make oil-rich nation tempting partner for foreign investors.
(From South China Morning Post)
Byline: Reports by Sesha Sam and Daleena Samara
AS THE PLANET'S biggest producer of oil and the controller of its largest petroleum reserves, Saudi Arabia occupies centre stage in world affairs.
The kingdom's stability and prosperity in a volatile region owes much to the leadership of its kings and the smooth transition of power on the demise of a monarch.
Paying tribute to the late King Fahd bin Abdul Aziz al-Saud, who died recently, Consul-General Alaudeen Alaskary said: "Over the past 20 years of his rule, the late king defied the odds to achieve his goals. Despite many challenges, King Fahd led the nation through a period of unparalleled growth and prosperity. He enhanced the position and influence of the kingdom internationally."
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