“Just to the west of Mecca is Jeddah, and they are turning that into what is going to be the greatest seaport in the world,” he said. “That is their purpose. They want Jeddah to replace Dubai as the greatest seaport of the whole Red Sea, the whole Middle East. Then, in the north, you have Medina, which is the second holiest city in Islam. And then you have another major port city, it’s called King Abdullah Economic City. They are in the process of building this incredibly high speed railroad so you can get from any one of these cities to the other within about 20 minutes.
“Although they are essentially four cities, it will become one mega city. It will be, and they are trying to make it, the regional capital for commerce and trade and so forth.”