Current:Home > FinanceWhy Saudi Arabia is building a new city in the desert-DB Wealth Institute B2 Expert Reviews
Why Saudi Arabia is building a new city in the desert
View Date:2024-12-25 00:11:42
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! (4577)
Related
- Kevin Costner Shares His Honest Reaction to John Dutton's Controversial Fate on Yellowstone
- Memo to Joe Manchin, Congress: Stop clutching your pearls as college athletes make money
- Men charged with kidnapping and torturing man in case of mistaken identity
- Four killed in multicar crash on Pacific Coast Highway in Malibu
- Jeep slashes 2025 Grand Cherokee prices
- Put another nickel in: How Cincinnati helped make jukeboxes cool
- Inflation in UK unchanged at 6.7% in September, still way more than Bank of England’s target of 2%
- Texas Continues to Issue Thousands of Flaring Permits
- Can't afford a home? Why becoming a landlord might be the best way to 'house hack.'
- DeSantis touts Florida's Israel evacuation that likely would've happened without his help
Ranking
- Michael Grimm, former House member convicted of tax fraud, is paralyzed in fall from horse
- Ford's home charging solution is pricey and can be difficult to use. Here's what to know.
- Let Halle Bailey and DDG's Red Carpet Date Night Be a Part of Your World
- Jurors in New Mexico deliver split verdicts in kidnapping and terrorism case
- New Mexico secretary of state says she’s experiencing harassment after the election
- Oklahoma school bus driver faces kidnapping charges after refusing to let students leave
- How international law applies to war, and why Hamas and Israel are both alleged to have broken it
- Musk's X to charge users in Philippines and New Zealand $1 to use platform
Recommendation
-
Larry Hobbs, who guided AP’s coverage of Florida news for decades, has died at 83
-
Man who, in his teens, shot and killed Albuquerque mail carrier sentenced to 22 years
-
Jeffrey Epstein survivor who testified against Ghislaine Maxwell dies in Florida
-
Alec Baldwin has 'criminal culpability' in deadly 'Rust' shooting, prosecutors say
-
Beyoncé course coming to Yale University to examine her legacy
-
No place is safe in Gaza after Israel targets areas where civilians seek refuge, Palestinians say
-
Britney Spears writes of abortion while dating Justin Timberlake in excerpts from upcoming memoir
-
Doctors abandon excited delirium diagnosis used to justify police custody deaths. It might live on, anyway.