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The prospects post-oil are bad for the country, and worse for the leadership. I doubt that one university is going to do the trick. In the case of Saudi Arabia, they likely need to start with a complete overhaul of the education system, raising a new generation that is cultural and technically able to adapt to a post-oil scenario. Of course, the current Monarchical rule probably won't survive in any case.
user-inactivated · 3593 days ago · link ·
Bad for the entire region -- insert statistics I don't have time to find for GDP of Middle East related and unrelated to oil. Oil GDP is massive, GDP of the rest is comparable to like a small Eastern European country. EDIT: and by bad I mean they are utterly and completely screwed.