Current:Home > ScamsWhy Saudi Arabia is building a new city in the desert -ProsperityStream Academy
Why Saudi Arabia is building a new city in the desert
View
Date:2025-04-13 05:27:29
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! (72)
Related
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- The company planning a successor to Concorde makes its first supersonic test
- Senate begins final push to expand Social Security benefits for millions of people
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Tropical rains flood homes in an inland Georgia neighborhood for the second time since 2016
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- Average rate on 30
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- Kansas City Chiefs CEO's Daughter Ava Hunt Hospitalized After Falling Down a Mountain
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
Ranking
- Sam Taylor
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- Questlove charts 50 years of SNL musical hits (and misses)
- PHOTO COLLECTION: AP Top Photos of the Day Wednesday August 7, 2024
- Former longtime South Carolina congressman John Spratt dies at 82
- New data highlights 'achievement gap' for students in the US
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
Recommendation
Boy who wandered away from his 5th birthday party found dead in canal, police say
Don't let hackers fool you with a 'scam
Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone