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Wouldn’t a meaningful study of Saudi Arabia include the house of Saud? Anecdotals suggest the House of Saud itself has exploded in size. Supposedly at a rate
by chriselles 8y ago
Wouldn’t a meaningful study of Saudi Arabia include the house of Saud?
Anecdotals suggest the House of Saud itself has exploded in size.
Supposedly at a rate far greater that House of Saud’s revenue streams.
Petrodollar recycling programs often in the form of western arms contracts are a way for the House of Saud and insiders to “clip the ticket” on big dollar contracts.
The multidecade Al Yamamah contract worth tens of billions with UK defence industry saw a corruption investigation stopped as a “matter of nationa, security” due to Saudi pressure.
In commerce, financial reporting often includes “same store sales” for retail and restaurants.
I wonder if “average Saudi Prince kickback/revenue generated” would be a valid metric?
I suspect kickback revenue per member of the House of Saud has been in the decline.