Current:Home > StocksWhy Saudi Arabia is building a new city in the desert -NextFrontier Finance
Why Saudi Arabia is building a new city in the desert
View
Date:2025-04-13 09:34:56
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! (26)
Related
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- Francia Raísa Addresses Claim She Was Forced to Donate Kidney to Selena Gomez
- Consultant recommends $44.4M plan to raze, rehabilitate former state prison site in Pittsburgh
- Lizzo Breaks Silence on False and Outrageous Lawsuit Allegations
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- Orlando Magic make $50K donation to PAC supporting Ron DeSantis presidential campaign
- Tony Bennett's Wife Susan and Son Danny Reflect on the Singer’s Final Days Before His Death
- Chicago White Sox closer Liam Hendriks undergoes Tommy John surgery
- 51-year-old Andy Macdonald puts on Tony Hawk-approved Olympic skateboard showing
- What to know about Tanya Chutkan, the judge randomly assigned to Trump's Jan. 6 case
Ranking
- $73.5M beach replenishment project starts in January at Jersey Shore
- Texas Medicaid drops 82% of its enrollees since April
- DeSantis-controlled Disney World oversight district slashes diversity, equity initiatives
- Man linked to 1984 kidnapping and rape by DNA testing sentenced to 25 years
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- 2 Alabama inmates killed while working on road crew for state
- Lizzo says she’s ‘not the villain’ after her former dancers claim sex harassment
- Body seen along floating barrier Texas installed in the Rio Grande, Mexico says
Recommendation
John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
As hip-hop turns 50, Tiny Desk rolls out the hits
83 attendees at the World Scout Jamboree treated for heat-related illnesses in South Korea
Orlando Magic make $50K donation to PAC supporting Ron DeSantis presidential campaign
NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
Passenger injures Delta flight attendant with sharp object at New Orleans' main airport, authorities say
Why Will Smith Regrets Pushing Daughter Willow Smith Into Show Business as a Kid
Federal appeals court upholds ruling giving Indiana transgender students key bathroom access