Current:Home > ContactWhy Saudi Arabia is building a new city in the desert -TradeWisdom
Why Saudi Arabia is building a new city in the desert
View
Date:2025-04-12 22:09:59
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! (297)
Related
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- Former owner of water buffalo that roamed Iowa suburb for days pleads guilty
- North Carolina lawmakers to vote on initial Helene relief
- Pete Alonso keeps Mets' storybook season alive with one mighty swing
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- 'Joker: Folie à Deux' ending: Who dies? Who walks? Who gets the last laugh?
- '19 Kids and Counting' star Jason Duggar and girlfriend Maddie tie the knot
- 'It was just a rug': Police conclude search after Columbus woman's backyard discovery goes viral
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- 1 dead after accident at Louisiana fertilizer plant
Ranking
- Former longtime South Carolina congressman John Spratt dies at 82
- Devils' Jacob Markstrom makes spectacular save to beat Sabres in NHL season opener
- A Texas execution is renewing calls for clemency. It’s rarely granted
- California vineyard owner says he was fined $120K for providing free housing to his employee
- Meta donates $1 million to Trump’s inauguration fund
- 'It was just a rug': Police conclude search after Columbus woman's backyard discovery goes viral
- Nick Saban teases Marshawn Lynch about Seahawks pass on 1-yard line in Super Bowl 49
- Why Sean Diddy Combs Sex Trafficking Case Was Reassigned to a New Judge
Recommendation
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
In Philadelphia, Chinatown activists rally again to stop development. This time, it’s a 76ers arena
Early Amazon Prime Day Travel Deals as Low as $4—86% Off Wireless Phone Chargers, Luggage Scales & More
Ashley Tisdale Shares First Pictures of Her and Husband Christopher French's 1-Month-Old Baby Emerson
Stamford Road collision sends motorcyclist flying; driver arrested
Officer who killed Daunte Wright is taking her story on the road with help from a former prosecutor
Why Tom Selleck Was Frustrated Amid Blue Bloods Coming to an End
NFL Week 5 bold predictions: Which players, teams will surprise the most?