Exxon was not the only one to reap record profits in 2005…
In a three-year long bull run since 2002, the Saudi stock market has created over SR2.1 trillion in new wealth for the Kingdom’s citizens. Perhaps another SR1 trillion or more of this wealth has been created in the real estate market. According to Riyad Bank’s Saudi Economic Review, the sheer size of the figures is mind-boggling.
Crossroads Arabia has more on the Saudi economy.