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Gulf States Move to Diversify Income Sources

New York Times | Lucien Zeigler | 7.18.12

Saudi Arabia, the world’s biggest oil exporter, has identified mining as a key investment area after oil and petrochemicals, and is spending an estimated $38 billion to develop two cities centered around mining…“The idea is to try and improve the range of benefits and advantages of doing business in the G.C.C. and in Saudi Arabia, in particular, by having as much domestic manufacturing as possible.”

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