Current:Home > FinanceWhy Saudi Arabia is building a new city in the desert -WealthX
Why Saudi Arabia is building a new city in the desert
View
Date:2025-04-18 20:01:48
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! (589)
Related
- 'We're reborn!' Gazans express joy at returning home to north
- ESPN to name Doris Burke, Doc Rivers to NBA Finals coverage; Mark Jackson let go, per reports
- Maine fisherman hope annual catch quota of valuable baby eel will be raised
- Bond is denied for South Carolina woman accused of killing newlywed bride in drunken crash
- What to watch: O Jolie night
- Euphoria's Zendaya Pays Tribute to “Infinite Beauty” Angus Cloud After His Death
- GM recalls nearly 900 vehicles with Takata air bag inflators, blames manufacturing problem
- Lab-grown chicken coming to restaurant tables and, eventually, stores
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- U.S. opens investigation into steering complaints from Tesla drivers
Ranking
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Here’s What Sofía Vergara Requested in Response to Joe Manganiello’s Divorce Filing
- Man dies after being electrocuted while jumping into Georgia's Lake Lanier
- Back to school 2023: Could this be the most expensive school year ever? Maybe
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- More Trader Joe’s recalls? This soup may contain bugs and falafel may have rocks, grocer says
- 14 workers killed in the collapse of a crane being used to build a bridge in India
- Lifeguard finds corpse in washed-up oil tank on California beach
Recommendation
Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
Relive Kylie Jenner’s Most Iconic Fashion Moments With Bratz Dolls Inspired by the Star
A teacher was caught on video abusing students. Her district is settling for over $11 million
In Wisconsin, a court that almost overturned Biden’s win flips to liberal control
Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
Judi Dench says she can no longer see on film sets due to macular degeneration eye condition
One-third of graduate schools leave their alums drowning in debt
Inside Margot Robbie and Tom Ackerley's Dreamy Love Story