What Will Saudi Arabia Do with All that Oil Money?

Saudi Aramco, the government owned national oil company of Saudi Arabia, is the largest oil corporation in the world and the home to world's largest crude oil reserves. It also operates the world's largest single hydrocarbon network, the Master Gas System. It was formerly known as just Aramco between the years of 1933-1988, an acronym for Arabian American Oil Company, according to Wikipedia. At the end 2006, its yearly production of only crude oil neared 3.4 billion barrels (540,000,000 m3) and it managed over 100 oil and gas fields in Saudi Arabia alone totaling at least 264 billion barrels (4.20×1010 m3) of oil reserves and 253 quadrillion scf of gas reserves.

The "FT's Non-Public 150" by the Financial Times and McKinsey - the study of the world's largest unlisted companies - found that Saudi Aramco is worth an estimated $781 billion USD, dwarfing the $454 billion USD market capitalization of its rival Exxon Mobil (published: December 2006).

Financial data (2006):

Fiscal Year End: December
Revenue: $168 billion USDA
Revenue Growth (1 yr): 12.00%
Employees: 51,356
Employee Growth (1 yr): (-0.90%)
Oil reserves: 259.9 billion barrels (4.132×1010 m3)
Production: 8.9 million barrels per day (1,410,000 m³/d)

Now with all the stats placed out there, just what exactly will the Saudis do with all that money. We all know that 2008 was a record year for oil companies in general, but what about Aramco? Many people don't realize that oil profits must be spent but what will the Saudis buy. I remember reading an article about Saudis buying rockets from China. Yes, China. I am not into fear-mongering, but with wealth comes a need for security, so please understand that once you start making money you become a target. Oh, and I forgot to mention that Bin Laden was a disgruntled, ex-communicated Saudi. So with it's enemies in mind I am sure that the Saudi government will beef up security, especially around the oil fields.