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Old January 18th, 2016, 11:20 PM   #13781
robertitoam
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Quote:
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HMMM I Dont think so ..

Everything in saudiarabia is ok now ..

oil prices are low but every thing is ok , a top of that Saudiarabia is now preparing for the next 5 years about the tourism .. for an example Jeddah new airport , Kingdom city , King abdullah sport city , some cool places to go ,,, , also riyadh city the big project King Abdullah Financial District they are still working and they didn't stop and its a government project . also we have a religious tourism mecca madina ,,,, so i think with the low oil prices its not gonna be a massive problem for ksa .
Im sorry my friend but low oil prices is a massive problem for the ksa more than 50% of their economy is based on oil at the moment, this isnt dubai we are talking about. If oil prices go down saudi arabias gdp growth goes down.Everything is ok for now but some people have an even more grim outlook than me sorry.
http://www.mintpressnews.com/imf-say...y-2020/212830/
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Old January 19th, 2016, 02:37 AM   #13782
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Saudi Arabia is not a small country and it has a powerful economy with millions of young Saudis who are just entering the working and jobs age, oil prices can't be that much of a problem

and yet the report is saying that Saudi Arabia could bankrupt by 2020 which means 4 years only

Whether it's IMF or another source I'm 100% sure that my mind is way wiser than the publisher's mind. He must be so closed-minded
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Old January 19th, 2016, 04:28 AM   #13783
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Learn to take some criticism.
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Old January 19th, 2016, 09:15 AM   #13784
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core is rising now
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Old January 19th, 2016, 12:03 PM   #13785
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Originally Posted by fayzoon View Post


Saudi Arabia is not a small country and it has a powerful economy with millions of young Saudis who are just entering the working and jobs age, oil prices can't be that much of a problem

and yet the report is saying that Saudi Arabia could bankrupt by 2020 which means 4 years only

Whether it's IMF or another source I'm 100% sure that my mind is way wiser than the publisher's mind. He must be so closed-minded
The fact that there are many people entering into the workforce doesnt change anything to the equation the issue is that saudi arabia is hooked on meaning it is too dependant on it. Most countries may have 3-4% of their economy based on oil and they feel the pain of low oil prices so imagine saudi arabia in which half of their economy is based on oil? Lower oil prices mean saudi arabia has less income, less income means less funds to diversify, something it desperately needs to do if it wants to stop its addiction to oil. Saudi arabia is already feeling the pain of low oil prices and is trying to fix its ways ( http://m.dw.com/en/saudi-arabia-to-reduce-its-reliance-on-oil/a-18937363 ), lets just hope that OPEC comes to an agreement and that the necessary policies are passed in order to save Saudi Arabia and the world from economic decline.
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Old January 19th, 2016, 12:32 PM   #13786
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Quote:
Originally Posted by robertitoam View Post
The fact that there are many people entering into the workforce doesnt change anything to the equation the issue is that saudi arabia is hooked on meaning it is too dependant on it. Most countries may have 3-4% of their economy based on oil and they feel the pain of low oil prices so imagine saudi arabia in which half of their economy is based on oil? Lower oil prices mean saudi arabia has less income, less income means less funds to diversify, something it desperately needs to do if it wants to stop its addiction to oil. Saudi arabia is already feeling the pain of low oil prices and is trying to fix its ways ( http://m.dw.com/en/saudi-arabia-to-r...oil/a-18937363 ), lets just hope that OPEC comes to an agreement and that the necessary policies are passed in order to save Saudi Arabia and the world from economic decline.
I don't wanna move to too much offtopic, but yes you are right

there is no denying Saudis just like many others are very dependent on oil, even though oil accounts for half of the gdp that is a meaningless number

the important number is the revenue and the low oil prices put them in 20% deficit and they have used up about 90 bil in 2015 from their reserves.
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Old January 19th, 2016, 03:03 PM   #13787
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Old January 19th, 2016, 03:51 PM   #13788
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Old January 19th, 2016, 04:02 PM   #13789
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Saudi Arabia's big problem is that it (and I suppose many other countries as well) has never anticipated that oil prices could drop as low as they have recently, and possibly lower in the future. As a result, the country has failed to diversify its economy - sometimes known as putting all its eggs in one basket. Saudi Arabia could have developed a huge tourism industry, but it has never wanted to, and now it will pay the price. It may or may not affect this building, but it will certainly affect future construction projects.
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Old January 19th, 2016, 04:52 PM   #13790
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This is a private project. It's not dependent on the government for funding or tenancy, so the fiscal deficit is irrelevant.
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Old January 20th, 2016, 06:20 AM   #13791
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facade is not impressive
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Old January 20th, 2016, 12:13 PM   #13792
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That's not the facade...
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Old January 20th, 2016, 12:28 PM   #13793
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Those 2 floor plates that they didn't construct is underconstruction now.
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Old January 20th, 2016, 01:05 PM   #13794
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NICE WORK
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Old January 20th, 2016, 01:06 PM   #13795
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BUT I HOPE ITS GETTING FASTER ..
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Old January 20th, 2016, 01:06 PM   #13796
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Old January 20th, 2016, 01:40 PM   #13797
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Quote:
Originally Posted by Arzonz View Post
Those 2 floor plates that they didn't construct is underconstruction now.
Those 2 floors connect to the canopy that transitions the building from podium to tower. Regular floors begin above:

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Old January 20th, 2016, 03:12 PM   #13798
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amazing!!! higher thinking can give us higher result.
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Old January 20th, 2016, 03:14 PM   #13799
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This proves that the canopy and concourse will also be enormous.
They are of a scale often seen at airports, but seldom around buildings.
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Old January 20th, 2016, 06:29 PM   #13800
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Just Great
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