Current:Home > MyWhy Saudi Arabia is building a new city in the desert -Visionary Wealth Guides
Why Saudi Arabia is building a new city in the desert
View
Date:2025-04-17 02:04:04
For decades, Saudi Arabia's economy has been defined by its abundant oil reserves. Its ability to influence global oil supply propelled Saudi Arabia to one of the richest countries in the world. The Saudi royal family became important players on the world stage. However, waning dominance in the oil market is forcing the Saudi government to think differently about its reliance on the commodity.
Today on the show, we explain Saudi Arabia's fantastical vision for its future and how the government is using its present influence in the oil market to fund it.
Related episodes:
Why oil in Guyana could be a curse
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.
veryGood! (184)
Related
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Brooke Shields Reveals How Bradley Cooper Came to Her Rescue After She Had a Seizure
- German government plans to allow asylum-seekers to work sooner and punish smugglers harder
- Montana’s psychiatric hospital is poorly run and neglect has hastened patient deaths, lawsuit says
- Louvre will undergo expansion and restoration project, Macron says
- Former Memphis officer charged in Tyre Nichols death to change plea in federal court
- Joe Jonas Reacts When CVS Security Guard Says He “Looks Crazy”
- Jury selected after almost 10 months for rapper Young Thug’s trial on gang, racketeering charges
- Trump's 'stop
- Why Kim Kardashian Says North West Prefers Living With Dad Kanye West
Ranking
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- Realtors must pay home sellers $1.8 billion for inflating commissions, jury finds
- How good is Raiders' head-coaching job? Josh McDaniels' firing puts Las Vegas in spotlight
- Can pilots carry guns on commercial flights? Incident on Delta plane raises questions
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- Chaotic and desperate scenes among Afghans returning from Pakistan, say aid agencies
- See Kylie Jenner and Timothée Chalamet Twin During Red Carpet Outing
- Former Memphis officer charged in Tyre Nichols death to change plea in federal court
Recommendation
Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
Dyeing your hair can get messy. Here’s how to remove hair dye from your skin.
Oprah's Favorite Things 2023: 25 Chic & Useful Gifts Under $50 For Everyone On Your List
Meta will charge for ad-free versions of Facebook, Instagram in Europe after privacy ruling
South Korean president's party divided over defiant martial law speech
Amy Robach, T.J. Holmes go 'Instagram official' after cheating scandal with joint podcast
Jury selected after almost 10 months for rapper Young Thug’s trial on gang, racketeering charges
Jurors in serial killings trial views video footage of shootings