Current:Home > ContactWhy Saudi Arabia is building a new city in the desert -Capitatum
Why Saudi Arabia is building a new city in the desert
TradeEdge Exchange View
Date:2025-04-06 19:46:45
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! (45)
Related
- Small twin
- A doctor's Ebola memoir is all too timely with a new outbreak in Uganda
- 3 personal safety tips to help you protect yourself on a night out
- Biden administration to appoint anti-book ban coordinator as part of new LGBTQ protections
- Police remove gator from pool in North Carolina town: Watch video of 'arrest'
- Shipping’s Heavy Fuel Oil Puts the Arctic at Risk. Could It Be Banned?
- 3 personal safety tips to help you protect yourself on a night out
- The 5-minute daily playtime ritual that can get your kids to listen better
- Olympic women's basketball bracket: Schedule, results, Team USA's path to gold
- Ron DeSantis defends transport of migrants to Sacramento, says he doesn't have sympathy for sanctuary states
Ranking
- Breaking debut in Olympics raises question: Are breakers artists or athletes?
- Trump ally Steve Bannon subpoenaed by grand jury in special counsel's Jan. 6 investigation
- Coal’s Latest Retreat: Arch Backs Away From Huge Montana Mine
- Cory Booker on Climate Change: Where the Candidate Stands
- Vance jokes he’s checking out his future VP plane while overlapping with Harris at Wisconsin airport
- Many Man-Made Earthquakes in Western Canada Can Now Be Linked to Fracking
- Today’s Climate: July 13, 2010
- After State Rejects Gas Pipeline Permit, Utility Pushes Back. One Result: New Buildings Go Electric.
Recommendation
Meta releases AI model to enhance Metaverse experience
Unfounded fears about rainbow fentanyl become the latest Halloween boogeyman
It's getting easier to find baby formula. But you might still run into bare shelves
Today’s Climate: July 22, 2010
Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
GM to Be First in U.S. to Air Condition Autos with Climate Friendly Coolant
Emma Chamberlain Shares Her Favorite On-The-Go Essential for Under $3
Keystone I Leak Raises More Doubts About Pipeline Safety