Role of petro dollars in economic integration

It has been estimated that petroleum sales bring into Saudi Arabia, Kuwait, Abu Dhabi, Qatar, and Dubai $42 billion each year. Arabs have shown that they intend to apply thier capital towards increasing stability in the region of the world they live in. Coordination between countries is essential in the fields of trade and finance. Economic interdependence is the condition of the world. Amongst Muslim countries, however, Saudi Arabia sponsors an Islamic bank, Abu Dhabi has a development fund, and Kuwait has a $3.4 billion pool of development money. What is needed in integration. Funds should be applied to the shipping field, to the banking industry, to the Islamic insurance sector, and the sector of heavy engineering. Armament manufacturing should also be supported, as a means of reducing dependence on outside countries. The aviation sector has historically been non-existent in the Muslim world--building planes would reduce dependence on outsiders and save foreign exchange as we