3. What impact did the Cold War have on the conflict in the Midd: What financial arrangement did Saudi Arabia negotiate with foreign companies in 1950?

Question

What financial arrangement did Saudi Arabia negotiate with foreign companies in 1950?

Lewis Gant 45m3 · Accepted Answer

A 50:50 profit split, while foreign companies retained control over marketing and production.

What financial arrangement did Saudi Arabia negotiate with foreign companies in 1950?