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Gulf Arab rulers have invested in expensive escape strategies should Al Q or Iran take power
From Geostrategy-Direct, subscription. In the 1980s, oil-rich Arab leaders invested scores of billions of dollars in Europe and the United States. Today, some of these Gulf Arab leaders are using their record oil revenues to prepare nest eggs in Arab and Muslim states. BOP Bug Out Plan. Simply put, Gulf Arab rulers are preparing insurance policies in case of an Iranian attack on their countries or an Al Qaida takeover. The Al Qaida plot to attack oil and military installations in Kuwait and Saudi Arabia disclosed last week appears to be only the tip of the iceberg. Nest eggs require lots of money. Take the United Arab Emirates. The ruling family has become the leading investor in Morocco, with a total investment portfolio of $16 billion. The focus by the UAE ruling family? Real estate, of course. The UAE princes are buying a country within a country, taking over huge tracts of land, farms, housing and tourist sites. Sort of a huge gated community. Morocco, with problems of its own, takes the money and stays quiet. UAE companies are expected to win more than $20 billion in projects in 2007 alone in Morocco, with real estate comprising more than $12 billion. Posted by: Alaska Paul 2007-05-05 |
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