He is not going to step down immediately; he needs time to pack his luggage, destination abroad. The question is where? Saudi Arabia has long been a dumping ground for despots. Idi Amin Da Da enjoyed a comfortable retirement there. The problem for Saudi is that with all the turmoil in the region, do they really want to be seen as a refuge for despots; it could draw too much attention to their own despotism. It might have to be Israel this time; it is the least you for an old friend.
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from the article: Mubarak hands over power to Egypt VP, but won't step down