I got news about 10 hours ago from Al Arabiya. There we are given ‘Saudi Arabia approves draft agreements on atomic energy, economic crime’ (at https://english.alarabiya.net/News/saudi-arabia/2022/12/21/Saudi-Arabia-approves-draft-agreements-on-atomic-energy-economic-crime)
The article gives us a few items that require the limelight, even as the western papers give it no attention, the event described here is one with a lit of impact.
- members approved a framework agreement to cooperate with Morocco in “the field of peaceful uses of atomic energy”
- a draft Memorandum of Understanding with Uzbekistan to help allow the countries to exchange of information “related to money laundering, terrorist financing and related crimes,”
- a draft agreement with Greece, to foster cooperation in health between the countries,
- a draft agreement with Italy to help encourage direct investments between the countries, and a draft agreement with Ghana to develop non-oil exports between the states.
These are the four big ones, there are four more. And when you consider the map, we see that within a year the Kingdom of Saudi Arabia will be the largest economic partner for the important parts of North Africa, Egypt, Morocco and as ties are stronger connected with Tel Aviv, the Kingdom of Saudi Arabia is now the powerhouse in the Mediterranean. Greece, Italy and soon better ties with Turkey. This was always going to happen, I predicted it, but my view was that this was 3-4 years away. It seems I missed the target by at least 2 years. 2023 will open the doors and I reckon that larger gains will be Made in 2024. Saudi Arabia is now in a setting where it will be able to drive commerce that is not oil based soon enough and stronger than ever before.
And that is before you see the steps that China is opening up, but it also implies that China is a lot stronger to become the defence dealer of choice, billions and billions of dollars that are about to be lost to the EU and US. I warned them that this was coming and now the steps of making sure it happens will become a reality. It does not make me happy as I miss out on my 3.75% bonus check and on $27,800,000,000 that is a lofty loss. Such is life!
Now there is a second stage in play, the article does not bear it out, but I reckon that the Kingdom Holding Company will get a few other options going their way. I do not know how, but the Kingdom loves partners in this (I learned that at the Saudi Consulate several weeks ago). What is in play is that there are several options for Israeli growth. Not just the NSO group, but NICE with their CXone platform will set a larger stage of cloud centres for the Line and Neom. From there as they make their solution more Arabic, they will get a handle on several fields in several nations. And we all see the stages as they evolve, well that is if you read English Saudi News casts, the west seems to filter it away and when we see too much of this, it becomes a joke what the west is and has been the last decade. Filtering news information was never a good idea and you are about to see why. Saudi Arabia is active in growing business in Egypt, Morocco, Greece, Italy, Indonesia, and China. Consider the loss of revenue for the EU and the US? Is no one asking questions? And this is merely what can be seen for 2023. I reckon that several nations will go into crises mode in the next week, because some of them were moved from consideration column A to column C. Only a blind person ignores is and one with an oversized ego ignores it. When will we learn that we cater to the players who have it and the US doesn’t have it, and the EU has even less at present. There is every indication that by 2025 the Saudi Telecom Company will be the biggest player in North Africa and the Middle East. This will have larger implications when Indonesia is added to that network. It was a simple cascade stage and it is about to become a reality. From there there is every chance that the STC will enter Europe as a new player and one wielding a formidable bat. That is what I see as optional changes. So whilst we see the EU and US with contracting economies, we get to see another one grow and it is about to grow by a lot.