Don’t let the Aramco IPO ruin your day since it didn’t really change anything of the last 40+ years.
Not sure about the level of tourism Saudi Arabia will attract since I’m sure it’s no Dubai, reputation wise.
Saudi Arabia had the richest company on the planet already which it’s owned for decades. This didn’t add to any wealth. All they did was list and sell 1.5% of the company to public ownership. There wasn’t any “now” type moment. Akin to swapping a $20 for two $10 or four $5 it’s nothing different.
Since the Saudis completed Nationalization of Aramco in about 1976, the selling of 1.5% to public interest creates a social dilemma as to whether this sale is positive or negative for the global public. The Saudis did pay the American oil companies for their interests.
The Saudi government and it’s record on human rights are still debated on many levels. Unfortunately, the sovereignty of it’s nation status mixed together with it’s religion intertwined with government means no simple or near answers.
On a glass half-full note, we’re the same planet as before with only the same problems as usual. We all still woke up. The human down the street that didn’t wake up is the one having a bad day, along with their family.