Current:Home > NewsWhy Saudi Arabia is building a new city in the desert -MoneySpot
Why Saudi Arabia is building a new city in the desert
View
Date:2025-04-16 14:14:15
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! (55354)
Related
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- Trying To Protect Access To IVF
- Jurors begin deliberations in retrial of an ex-convict accused of killing a 6-year-old Tucson girl
- Hailey Bieber's Rhode Skin Mega-Viral Lip Case Is Finally Here; Grab Yours Before It Sells Out
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- Horoscopes Today, February 25, 2024
- New York doctor’s husband suing Disney for negligence in wrongful death case
- King Charles and Queen Camilla React to Unexpected Death of Thomas Kingston at 45
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- Opportunities for Financial Innovation: The Rise of Alpha Elite Capital (AEC) Corporate Management
Ranking
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- FTC sues to block Kroger-Albertsons merger, saying it could push grocery prices higher
- Thousands stranded on Norwegian Dawn cruise ship hit by possible cholera outbreak
- 'Mean Girls' line criticized by Lindsay Lohan removed from movie's digital version
- North Carolina justices rule for restaurants in COVID
- New York Jets releasing durable guard Laken Tomlinson in move that saves cap space
- Lara Love Hardin’s memoir ‘The Many Lives of Mama Love’ is Oprah Winfrey’s new book club pick
- Kylie Kelce Details Story Behind Front Row Appearance at Milan Fashion Week
Recommendation
Former Syrian official arrested in California who oversaw prison charged with torture
Indiana man pleads guilty to threatening Michigan election official after 2020 election
Music producer latest to accuse Sean ‘Diddy’ Combs of sexual misconduct
Pentagon review of Lloyd Austin's hospitalization finds no ill intent in not disclosing but says processes could be improved
Rylee Arnold Shares a Long
Bears want to 'do right' by Justin Fields if QB is traded, GM Ryan Poles says
After AT&T customers hit by widespread outage, carrier says service has been restored
Family Dollar to pay $42 million for shipping food from rat-infested warehouse to stores