Current:Home > FinanceWhy Saudi Arabia is building a new city in the desert -WealthRoots Academy
Why Saudi Arabia is building a new city in the desert
View
Date:2025-04-16 13:59:54
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! (476)
Related
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- 'We need to record everything': This team stayed behind in a Ukrainian war zone
- South Carolina jumps to No. 1 in the USA TODAY Sports women's basketball poll ahead of Iowa
- Wisconsin state Senate to vote on downsized Milwaukee Brewers stadium repair bill
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- More than 180,000 march in France against antisemitism amid Israel-Hamas war
- 'A victory for us': Watch an exclusive, stirring new scene from 'Rudy' director's cut
- South Korea and members of the US-led UN command warn North Korea over its nuclear threat
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- Arizona State athletics director Ray Anderson announces resignation
Ranking
- Senate begins final push to expand Social Security benefits for millions of people
- 'March for Israel' rally livestream: Supporters gather in Washington DC
- How gender disparities are affecting men
- Samuel Haskell, Son of Hollywood Agent, Arrested in Murder Case After Female Torso Is Found Near Dumpster
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- South Korea’s Yoon will warn APEC leaders about the risks of a Russia-North Korea arms deal
- Prince’s puffy ‘Purple Rain’ shirt and other pieces from late singer’s wardrobe go up for auction
- Legal action is sought against Arizona breeding company after 260 small animals were fed to reptiles
Recommendation
Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
Inflation eased in October as cheaper gas offset overall price increases
Internal documents show the World Health Organization paid sexual abuse victims in Congo $250 each
'March for Israel' rally livestream: Supporters gather in Washington DC
House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
You're First in Line to Revisit King Charles III's Road to the Throne
South Dakota hotel owner sued for race discrimination to apologize and step down
South Carolina jumps to No. 1 in the USA TODAY Sports women's basketball poll ahead of Iowa