Current:Home > InvestWhy Saudi Arabia is building a new city in the desert -ClearPath Finance
Why Saudi Arabia is building a new city in the desert
View
Date:2025-04-24 21:14:45
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! (825)
Related
- Former longtime South Carolina congressman John Spratt dies at 82
- Emily Ratajkowski claps back at onlooker who told her to 'put on a shirt' during walk
- John Cena Shares NSFW Confession About Embarrassing Sex Scenes
- For many Asian Americans, Ferguson unrest set them on a path of resistance and reflection
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- 'Believe that': The Arizona Diamondbacks may be the best team in baseball
- Your college student may be paying thousands in fees for a service they don't need
- FACT FOCUS: A look back at false and misleading claims made during the the Democratic convention
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- How Jane Fonda Predicted Jennifer Lopez and Ben Affleck Split Months Before Filing
Ranking
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- 'Megalopolis' trailer sparks controversy with fabricated quotes from film critics
- Arkansas Supreme Court upholds rejection of abortion rights petitions, blocking ballot measure
- Former Army financial counselor gets over 12 years for defrauding Gold Star families
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Ex-Congressional candidate and FTX executive’s romantic partner indicted on campaign finance charges
- French actor Gerard Depardieu should face trial over rape allegations, prosecutors say
- College students are going viral on TikTok for luxury dorm room makeovers. You won't believe it.
Recommendation
Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
Miami (Ohio) coach Chuck Martin says Alabama ‘stole’ kicker Graham Nicholson
Jennifer Lopez, Ben Affleck are getting divorced. Why you can't look away.
What’s for breakfast? At Chicago hotel hosting DNC event, there may have been mealworms
The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
Jenna Dewan Shares Candid Breastfeeding Photo With Baby Girl Rhiannon
The Latest: Kamala Harris will accept her party’s nomination on final night of DNC
YouTuber Aspyn Ovard Breaks Silence on Divorce From Parker Ferris