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

1 Answer

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

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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.