Current:Home > StocksWhy Saudi Arabia is building a new city in the desert -StockSource
Why Saudi Arabia is building a new city in the desert
View
Date:2025-04-16 18:22:03
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! (47)
Related
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- Treat Yourself to These Luxury Beauty Products That Are Totally Worth the Splurge
- How (and why) Nikola Jokic barely missed triple-double history at 2024 Paris Olympics
- MLB trade deadline winners and losers: What were White Sox doing?
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Kamala Harris, Megyn Kelly and why the sexist attacks are so dangerous
- GOP primary voters in Arizona’s largest county oust election official who endured years of attacks
- Georgia prosecutors committed ‘gross negligence’ with emails in ‘Cop City’ case, judge says
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- Etsy plans to test its first-ever loyalty program as it aims to boost sales
Ranking
- Meta releases AI model to enhance Metaverse experience
- Ransomware attack disables computers at blood center serving 250 hospitals in southeast US
- Simone Biles uses Instagram post to defend her teammates against MyKayla Skinner's shade
- 2024 Pro Football Hall of Fame Game: Date, time, how to watch Bears vs. Texans
- The Super Bowl could end in a 'three
- For Orioles, trade deadline, Jackson Holliday's return reflect reality: 'We want to go all the way'
- Utah congressional candidate contests election results in state Supreme Court as recount begins
- Who Is Henrik Christiansen? Meet the Olympic Swimmer Obsessed With Chocolate Muffins
Recommendation
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
Fed leaves key interest rate unchanged, signals possible rate cut in September
Dylan Sprouse and Cole Sprouse reunite with Phil Lewis for a 'suite reunion'
How two strikes on militant leaders in the Middle East could escalate into a regional war
Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
Maya Rudolph sets 'SNL' return as Kamala Harris for 2024 election
US road safety agency will look into fatal crash near Seattle involving Tesla using automated system
Jax Taylor Shares Reason He Chose to Enter Treatment for Mental Health Struggles