Current:Home > FinanceTrendPulse|Why Saudi Arabia is building a new city in the desert -WealthRoots Academy
TrendPulse|Why Saudi Arabia is building a new city in the desert
SignalHub View
Date:2025-04-09 06:48:30
For decades,TrendPulse 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! (1)
Related
- 'Most Whopper
- Warmer California Winters May Fuel Grapevine-Killing Pierce’s Disease
- Feds crack down on companies marketing weed edibles in kid-friendly packaging
- Atlantic Coast Pipeline Faces Civil Rights Complaint After Key Permit Is Blocked
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Man was not missing for 8 years as mother claimed, Houston police say
- Jake Gyllenhaal and Girlfriend Jeanne Cadieu Ace French Open Style During Rare Outing
- Pregnant Olympic Gold Medalist Tori Bowie's Cause of Death Revealed
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- Madonna Gives the Shag Haircut Her Stamp of Approval With New Transformation
Ranking
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- From Pose to Queer as Folk, Here Are Best LGBTQ+ Shows of All Time
- Taylor Taranto, Jan. 6 defendant arrested near Obama's home, threatened to blow up van at government facility, feds say
- JoJo Siwa Details How Social Media Made Her Coming Out Journey Easier
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- Americans flood tourist hot spots across Europe after pandemic
- Sun unleashes powerful solar flare strong enough to cause radio blackouts on Earth
- Marathon Reaches Deal with Investors on Human Rights. Standing Rock Hoped for More.
Recommendation
Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
Kelis Cheekily Responds to Bill Murray Dating Rumors
Charlize Theron, Tracee Ellis Ross and More Support Celeb Hairstylist Johnnie Sapong After Brain Surgery
Margot Robbie Reveals What Really Went Down at Barbie Cast Sleepover
Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
How Energy Companies and Allies Are Turning the Law Against Protesters
Sister Wives' Gwendlyn Brown Calls Women Thirsting Over Her Dad Kody Brown a Serious Problem
New York employers must now tell applicants when they encounter AI