Current:Home > StocksWhy Saudi Arabia is building a new city in the desert -Wealthify
Why Saudi Arabia is building a new city in the desert
View
Date:2025-04-18 05:47:46
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! (3)
Related
- 2025 'Doomsday Clock': This is how close we are to self
- Milwaukee police officer shot and wounded non-fatally during standoff
- North Carolina presidential primary candidates have been finalized; a Trump challenge is on appeal
- Blake Lively Proudly Shows Off Her Interior Design Skills in Peek Inside Her Home
- DoorDash steps up driver ID checks after traffic safety complaints
- Toyota, Mercedes-Benz, Ford among 1.2 million vehicles recalled: Check car recalls here
- Powerball second chance drawing awards North Carolina woman $1 million on live TV
- Gun restriction bills on tap in Maine Legislature after state’s deadliest mass shooting
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Man shoots woman and police officers in Hawaii before being killed in New Year’s Day shootout
Ranking
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- What to know about keeping children safe — and warm — in the car during the winter
- $39 Lululemon Leggings, 70% off Spanx Leggings & More Activewear Finds To Reach Your 2024 Fitness Goals
- Gas prices fall under 3 bucks a gallon at majority of U.S. stations
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- In 2024, Shapiro faces calls for billions for schools, a presidential election and wary lawmakers
- Horoscopes Today, January 2, 2024
- Looking to get more exercise? Here's how much you need to be walking each day.
Recommendation
Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
Ex-celebrity lawyer Tom Girardi found competent to stand trial for alleged $15 million client thefts
Harvard president’s resignation highlights new conservative weapon against colleges: plagiarism
Thompson and Guest to run for reelection in Mississippi, both confirm as qualifying period opens
Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
Life sentences for teen convicted of killing his parents are upheld by North Carolina appeals court
Rachel Lindsay Admitted She and Bryan Abasolo Lived Totally Different Lives Before Breakup News
This Bachelor Nation Star Is Officiating Gerry Turner and Theresa Nist's Wedding