Put on your seatbelts, here we goJune 23, 2015 9:00
INFOGRAPHIC: Measuring Arab wealth, resources and achievement
Did you know that within a decade, the three tallest buildings in the world will be in the Middle East?
August 12, 2013 4:13 by kippreport
IstiZada, a company that specialises in internet marketing in the Middle East, has studied the rise of Arab wealth to identify the major players with the greatest riches.
Its infographic (pictured) also provides interesting information about luxury items in the region, the tallest buildings and the investment of the region’s oil wealth (notably in education and renewable energy projects).
The study reveals that in the region, Saudi Arabia is home to the richest people. Leading the list is His Highness Prince Waleed Bin Talal Al Saud (net worth of US$26.6 billion), followed by the Olayan family, also from Saudi (net worth of US$12.9bn). Third is the Sawiris family from Egypt, with US$11.2bn.
When talking about the tallest buildings, The Burj Khalifa comes top; standing at 828 metres, it is currently the tallest tower in the world. The Mecca Royal Tower in Saudi Arabia is the second tallest, at 601 metres.
Concerning investment in education, the King Abdullah Scholarship Program, worth US$2.4bn, sends students every year to the United States, the United Kingdom, Canada, Australia and other countries for higher education.
Regarding investing in green energy, Qatar has invested US$2bn into a planned renewable resource project, which aims to cover the desert with solar panels, use energy to produce water by desalination and provide farms with water for food production.
Finally, the UAE’s Masdar City project – slated for completion by 2025 – will be a zero emission and waste city, powered by wind, solar and geothermal energy.