. June 15, 2007 SouthAmerica: On Wednesday, June 13, 2007 I did spend the entire day attending a seminar in New York City regarding the current economic development that is under way in Saudi Arabia. I attended the seminar as a guest of the Saudi government, and the seminar was about the 6 industrial cities that the government of Saudi Arabia is in the process of building right now â they are supposed to be state-of-the-art intelligent cities including the latest in all kinds of technologies. The Saudi government is trying to diversify their economy and create new jobs for the large amount of young Saudis who will be looking for a job in the near future. (Around 50 percent of the Saudi population is under 20 years old and the unemployment rate is already very high and estimates range from 16 percent and some go as high as 25 percent based on estimates by various sources.) The Saudis are estimating that oil prices will have a floor price in the coming years around $50.00 per barrel, and they expect to have a cash flow of at least $ 13 trillion dollars for the period 2007 to 2030. And the estimated cash flow from oil for all the Gulf States it is estimated to be around $ 24 trillion dollars for the same time period. In another words, there will be a lot of business opportunities in that area of the world year after year. The Saudi government has a large industrial development fund to help bring in foreign investors into Saudi Arabia particularly in the Manufacturing industry, and includes: Exemption from customs duties on machinery and equipment for industrial use. Soft loans from government lending agencies. No personal income tax. Full ownership of investment projects by foreign investors. Indefinite carrying forward of financial loss. 20 percent ceiling of corporate income tax from the first profitable year. Full repatriation of capital, profits and dividends by foreign investors. And much moreâ¦.. Anyone who is interested in getting further information you can get at: http://www.rabighcip.com/ or at Saudi Arabian General Investment Authority (SAGIA) SAGIA Unveils Vision for Saudi Arabia to Be in Top 10 Most Competitive Countries by 2010. http://www.sagia.gov.sa/ Basically, the Saudi government is trying very hard to provide all kinds of incentives for companies to set up shop in Saudi Arabia and help them create jobs for the Saudi population. And also help them diversify their economy. It seems to me that there are lots of opportunities for people to make money in Saudi Arabia in the coming years. .