Select the correct options from the statements provided below relating to the petroleum rich Arabian Peninsula countries: I. Arabian Peninsula countries have used petroleum revenues to finance large-scale projects, such as housing, highways, airports, universities and telecommunications networks. II. Their steel, aluminum and petrochemical factories compete on world markets with the help of government subsidies. III. The landscape has been further changed by the diffusion of consumer goods. Large motor vehicles, color TVs, audio equipment and motorcycles are readily available and affordable. IV. Supermarkets there are stocked with food imported from SE Asia and China.

- I. Oil revenues have indeed funded massive infrastructure development (housing, highways, airports, universities, telecommunications) in these countries, transforming their landscapes and societies. This is a well-established fact. - II. Diversification of the economy is a goal for these countries, and state-backed industries like steel, aluminum, and petrochemicals are developed, often receiving government subsidies to compete globally. This statement is valid. - III. The high disposable income from oil wealth has led to the widespread availability and consumption of consumer goods, changing the lifestyle and landscape (e.g., large vehicles, electronics). This statement is valid. - IV. While these countries heavily rely on food imports due to their arid climate, the statement specifically limiting the source to "SE Asia and China" is likely inaccurate. They import food from a diverse range of global sources, including Australia, New Zealand, Europe, North America, and other parts of Asia. Therefore, statement IV is not universally valid or as strongly accurate as I, II, and III.