SAUDI ARABIA

Saudi Arabia plans to spend $27bn to make its southwestern province of Jazan into a refining, petrochemical and power hub. While appearing economically illogical, the plans are driven by politics, in particular fears of instability.

Saudi Arabia’s King ‘Abd Allah has asked state-owned oil giant Saudi Aramco to build 11 sports stadiums in various parts of the kingdom, including the southern province of Jazan bordering Yemen. Not exactly the most strategic energy...