Gasoline
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They could/can not have an arms industry since they do not have an industrial base and human resources required for the job. Even to run non-military aspects of life, Saudi Arabia has to import skilled/unskilled workers from abroad. This is basically a Bedouin society trying to live a 21st century lifestyle. It can not sustain itself without oil and foreign help. As for military aspects, they do not have a military history nor a military tradition. Their wars have been Bedouin battles, and therefore remain an ineffective military power.
Another reason why a proper army was never raised in Saudi Arabia, was the fear of coup against royal family as has happened in many Arab countries through history. Saudi military is basically an over-sized police force for control of the country and not a military in the sense of the word. That is why they had to invite Americans to defend Saudis against Saddam. The military equipment that they buy, is just for show and often buried in sand. The only purpose it serves is keeping Western arms industry competitive in return for West to give Saudis strategic cover.
US is coming to the conclusion that Saudis can not be "burdened" with stabilizing the region. They create more problems than they solve, often resulting in US losing ground to Iran, Russia and China. That is why, Saudis are being packed in and put in the closet. Prince Bandar had promised to US, way more than he could deliver. Now, US is tired and wants Saudis to pay the price, both financially and politically. And no, Pakistan or Turkey or Egypt can not save Saudi power in the region.
I prefer using the money as a " tool " to buy the most advanced weapons or even men rather than lying & showing illiterate people an RC planes as if it's homemade UAVs. Or welding additional tail to F-5 and call it homemade Saeqah fighter ...and other scraps
You act as if Iran one of the advanced or independence countries while the truth is not :
List of countries by Human Development Index - Wikipedia, the free encyclopedia
And look after those innocents teachers and pay their salaries to keep schools open better than dealing as a super power country and continue stealing their money to spend it on militias and terrorism :
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