Current:Home > NewsWhy Saudi Arabia is building a new city in the desert -Elevate Money Guide
Why Saudi Arabia is building a new city in the desert
View
Date:2025-04-15 02:08:20
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! (5)
Related
- Trump issues order to ban transgender troops from serving openly in the military
- US technology sales to Russia lead to a Kansas businessman’s conspiracy plea
- Putin ratchets up military pressure on Ukraine as he expects Western support for Kyiv to dwindle
- Thousands rally across Slovakia to protest the government’s plan to amend the penal code
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- China’s Alibaba names CEO Eddie Wu to head its e-commerce business as its growth falters
- Ho, ho, hello! How to change your smart doorbell to a festive tune this holiday season
- Playing live, ‘Nutcracker’ musicians bring unseen signature to holiday staple
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Rodgers’ return will come next season with Jets out of playoff hunt and QB not 100% healthy
Ranking
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- Sioux Falls to spend $55K to evaluate arsenic-contaminated taxidermy display at state’s largest zoo
- Coyote vs. Warner Bros. Discovery
- Judge blocks removal of Confederate memorial from Arlington Cemetery, for now
- In ‘Nickel Boys,’ striving for a new way to see
- Coal miners lead paleontologists to partial mammoth fossil in North Dakota
- Jennifer Love Hewitt Slams Sexualization of Her Younger Self
- UN Security Council in intense negotiations on Gaza humanitarian resolution, trying to avoid US veto
Recommendation
The Super Bowl could end in a 'three
At least 100 elephants die in drought-stricken Zimbabwe park, a grim sign of El Nino, climate change
Egypt election results: No surprises as El-Sisi wins 3rd term with Israel-Hamas war raging on border
With menthol cigarette ban delayed, these Americans will keep seeing the effects, data shows
$73.5M beach replenishment project starts in January at Jersey Shore
South Carolina couple is charged with murder in the 2015 killings of four of their family members
Chelsea and Fulham win penalty shootouts to reach English League Cup semifinals
See inside the biggest Hamas tunnel Israel's military says it has found in Gaza