How has Saudi Arabia historically spent its oil revenue?

Distribution of Oil Money: Royal Pockets : Majority of money went into the pockets of royalty. read more

Saudi Arabia has spent its oil revenue in areas based on priority. I will touch upon a few. 1. Strengthen its economy. KSA had promoted revenue-generating industries. Under government financing plans till 2015, $157 Billion has been spent to promote jobs. 2. They had spent money $32.8 Billion on infrastructure. read more

Saudi oil reserves are the second largest in the world, and Saudi Arabia is the world's leading oil exporter and second largest producer. Proven reserves, according to figures provided by the Saudi government, are estimated to be 260 billion barrels (41 km 3), which is about one-quarter of world oil reserves. read more

Saudi Arabia expects oil revenue to jump by 46 percent next year after a deal between the kingdom and other producers to curb output drove up global prices. Saudi Arabia expects oil revenue to jump by 46 percent next year after a deal between the kingdom and other producers to curb output drove up global prices. read more