Current:Home > MarketsWhy Saudi Arabia is building a new city in the desert -Thrive Success Strategies
Why Saudi Arabia is building a new city in the desert
View
Date:2025-04-15 17:40:04
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! (7711)
Related
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- Ex-New Mexico lawmaker facing more federal charges, accused of diverting money meant for schools
- As Kansas nears gender care ban, students push university to advocate for trans youth
- Cecily Strong Is Engaged—And Her Proposal Story Is Worthy of a Saturday Night Live Sketch
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- Eva Mendes says she had 'non-verbal agreement' with Ryan Gosling to be a stay-at-home mom
- Ruby Franke’s Husband Kevin Reveals Alleged Rules He Had to Follow at Home
- Sean Diddy Combs' Alleged Drug Mule Arrested at Airport Amid Home Raids
- Trump issues order to ban transgender troops from serving openly in the military
- Riley Strain Case: Family Orders Second Autopsy After Discovery
Ranking
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Home Depot acquires SRS Distribution in $18 billion purchase to attract more pro customers
- Eva Mendes says she had 'non-verbal agreement' with Ryan Gosling to be a stay-at-home mom
- Kim Kardashian lawsuit: Judd Foundation claims Skkn by Kim founder promoted 'knockoff' tables
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- 2024 NCAA Tournament: What to know about locations, dates, times and more for Sweet 16
- Eva Mendes says she had 'non-verbal agreement' with Ryan Gosling to be a stay-at-home mom
- Alex Murdaugh’s lawyers want to make public statements about stolen money. FBI says Murdaugh lied
Recommendation
All That You Wanted to Know About She’s All That
Settlement reached in lawsuit between Gov. DeSantis allies and Disney
What to know about Purdue center Zach Edey: Height, weight, more
March Madness Elite 8 schedule, times, TV info for 2024 NCAA Tournament
The Super Bowl could end in a 'three
Logan Lerman Details How He Pulled Off Proposal to Fiancée Ana Corrigan
Guatemala's president says U.S. should invest more to deter migration
What you need to know about the 2024 Masters at Augusta National, how to watch