Saudi plans to build the world's largest factory within two years

According to a report in the New York Times on January 20, cranes are busy in the deserts of Saudi Arabia. More than 38,000 construction workers have come from China, India and Turkey. They will spend two years under intense sun. Build a world's largest chemical plant.
At that time, the products produced here will be used on TVs in Japan, on mobile phones in China, on various goods in the United States and Europe.
This project construction is Saudi Arabia’s most ambitious act of industrial construction in this regard. It is yet another step forward in the process of industrialization. In order to build new cities, create employment opportunities, and diversify the economy from the dependence on oil, Saudi Arabia has already planned to spend 500 billion U.S. dollars for the development of industry in the next 20 years.
Saudi Arabia’s economy has always been heavily dependent on oil. Today, when oil prices are soaring, if Saudi Arabia is considered a lottery ticket, it is planning to take advantage of this bonus. Between 2002 and 2006, the oil revenues of the Gulf countries amounted to US$1.5 trillion. As the largest oil producer, Saudi Arabia is the biggest beneficiary.
Although capital in the Middle East has recently invested heavily in the assets of the U.S. financial community, its domestic construction has not been ignored. At present, in the entire Middle East, an endless stream of funds has been thrown into the construction of telecommunications networks, highways and universities.