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Is it true that Saudi Arabia and Kuwait became wealthy by selling oil to industrialized...

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maganda12 | (Level 2) Honors

Posted September 17, 2008 at 3:06 PM via web

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Is it true that Saudi Arabia and Kuwait became wealthy by selling oil to industrialized nations?

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ms-mcgregor | High School Teacher | (Level 1) Educator Emeritus

Posted September 18, 2008 at 2:59 AM (Answer #1)

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The short answer to your questions is "Yes". However, it is important to note that it was the industrialized countries that helped create the countries of Saudia Arabia and Kuwait and helped them explore and develop their oil resources. Many of the companies from those industrialized nations who helped Saudia Arabia and Kuwait also benefited greatly from the oil reserves in these countries.

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