Current:Home > ScamsWhy Saudi Arabia is building a new city in the desert -CapitalWay
Why Saudi Arabia is building a new city in the desert
View
Date:2025-04-18 12:36:48
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! (62)
Related
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- Arizona lawmaker resigns after report of sexual misconduct allegation in college
- Jackpot nears $700M. Could the Powerball numbers 3/18/24 help lead you to the next winners?
- Movie armorer challenges conviction in fatal shooting of cinematographer by Alec Baldwin
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- See Jax Taylor Make His Explosive Vanderpump Rules Return—and Epically Slam Tom Sandoval
- 'Rust' armorer requests new trial following involuntary manslaughter conviction
- South Carolina’s governor marks new gun law with ceremonial bill signing
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- A Walk in the Woods With My Brain on Fire: The End of Winter
Ranking
- Travis Hunter, the 2
- Is The Idea of You About Harry Styles? Anne Hathaway Says…
- Former NHL player, boyfriend of tennis star Aryna Sabalenka dies at age 42
- University of Maryland lifts Greek life ban, hazing investigation into five chapters continues
- Meta releases AI model to enhance Metaverse experience
- Unilever is cutting 7,500 jobs and spinning off its ice cream business
- Free Rita's: Get complimentary Italian ice in honor of the first day of spring 2024
- Oprah Winfrey Shares Why Her Use of Weight Loss Drugs Provided “Hope”
Recommendation
Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
South Carolina’s governor marks new gun law with ceremonial bill signing
What to know about R.J. Davis, North Carolina's senior star and ACC player of the year
Dr. Dre had three strokes after his brain aneurysm. How common is that?
Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
Peter Navarro must report to federal prison today after Chief Justice John Roberts rejects bid to delay sentence
The Daily Money: Catch solar eclipse from the sky?
How Sister Wives' Christine Brown Is Honoring Garrison Brown 2 Weeks After His Death