Current:Home > ContactWhy Saudi Arabia is building a new city in the desert -Wealth Evolution Experts
Why Saudi Arabia is building a new city in the desert
View
Date:2025-04-25 11:03:33
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! (7)
Related
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- Native seeds could soon be fueling new growth on burned out acreage across Hawaii
- High School Musical Star Wins The Masked Singer Season 11
- Pro-Palestinian protesters leave after Drexel University decides to have police clear encampment
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Charlie Colin, founding member of Train, dies at 58: 'The sweetest guy'
- Moose kills Alaska man trying to take picture, family says they don't want animal put down
- Sean “Diddy” Combs’ Ex Misa Hylton Speaks Out After Release of Cassie Assault Video
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Buy now, pay later companies must adhere to credit card standards, consumer agency says
Ranking
- Senate begins final push to expand Social Security benefits for millions of people
- Former British marine accused of spying for Hong Kong found dead in U.K. park by passerby
- Save $100 on a Dyson Airstrait Straightener, Which Dries & Styles Hair at the Same Time
- Pacers coach Rick Carlisle takes blame for Game 1 loss: 'This loss is totally on me'
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Former British marine accused of spying for Hong Kong found dead in U.K. park by passerby
- The real stars of Cannes may be the dogs
- Lauryn Hill takes top spot in Apple Music's 100 Best Albums, beating 'Thriller,' 'Abbey Road'
Recommendation
New data highlights 'achievement gap' for students in the US
NFL announces Pittsburgh as host city for 2026 NFL draft
California advances legislation cracking down on stolen goods resellers and auto theft
2024 All-NBA Teams: MVP Nikola Jokić, SGA headline first team, LeBron James extends record
The company planning a successor to Concorde makes its first supersonic test
US intelligence agencies’ embrace of generative AI is at once wary and urgent
'I am rooting for Caitlin': NBA superstar LeBron James voices support for Caitlin Clark
City strikes deal to sell its half of soon-to-be-former Oakland A’s coliseum