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What went wrong with Venezuela? 🚨 Saudi Arabia and UAE saw Venezuela’s oil collapse coming decades ago and started aggressive diversification way back, unlike Venezuela’s 95% oil export trap. Saudi: Oil dependency slashed from 87% GDP (2010) to ~45% (2025) via Vision 2030. Non-oil now 53-57% ($700B economy), with tourism/tech exploding (NEOM, $925B PIF fund). UAE: Oil down to ~25-30% GDP (Dubai pioneered hubs since 1980s). Non-oil 75-77% total GDP—finance ($150B DIFC), aviation (Emirates), sove
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