Current:Home > ContactWhy Saudi Arabia is building a new city in the desert -AssetTrainer
Why Saudi Arabia is building a new city in the desert
View
Date:2025-04-15 22:20:55
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! (2)
Related
- Bodycam footage shows high
- Family of Minnesota man killed by police criticize local officials and seek federal intervention
- North Carolina legislators advance schedule mandates amid college sports uncertainty
- Jonathan Scott makes fun of Drew Scott's lavish wedding, teases nuptials with Zooey Deschanel
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- FBI investigator gives jury at Sen. Bob Menendez’s trial an inside account of surveillance
- Review: 'Bad Boys' Will Smith, Martin Lawrence are still 'Ride or Die' in rousing new film
- Kids' YouTuber Ms. Rachel Responds to Backlash After Celebrating Pride Month
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Jason Sudeikis asked Travis Kelce about making Taylor Swift 'an honest woman.' We need to talk about it
Ranking
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- NYC couple finds safe containing almost $100,000 while magnet fishing in muddy Queens pond
- NY man charged in sports betting scandal that led to Jontay Porter’s ban from NBA
- Atlanta water system still in repair on Day 5 of outages
- What to watch: O Jolie night
- Will Biden’s new border measures be enough to change voters’ minds?
- Kim Kardashian Shares Update on Her Law School Progress
- Sarah Ferguson Shares Royal Family Update Amid Kate Middleton and King Charles III's Health Battles
Recommendation
Senate begins final push to expand Social Security benefits for millions of people
Best Sunscreens for Brown Skin That Won’t Leave a White Cast: Coola, Goop, Elta MD & More
Zac Brown's Ex Kelly Yazdi Slams His Ill-Fated Quest to Silence Her Amid Divorce
How shots instead of pills could change California’s homeless crisis
Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
The Best Pride Merch of 2024 to Celebrate and Support the LGBTQIA+ Community
‘Cheaters don’t like getting caught': VP Harris speaks about Trump conviction on Jimmy Kimmel
Shohei Ohtani's former interpreter pleads guilty to two counts of fraud