Current:Home > NewsWhy Saudi Arabia is building a new city in the desert -Ascend Finance Compass
Why Saudi Arabia is building a new city in the desert
View
Date:2025-04-16 18:14:23
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! (2374)
Related
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- Connecticut to decide on constitution change to make mail-in voting easier
- Republican Jim Banks, Democrat Valerie McCray vying for Indiana’s open Senate seat
- Democrats are heavily favored to win both of Rhode Island’s seats in the US House
- Tom Holland's New Venture Revealed
- How tough is Saints' open coaching job? A closer look at New Orleans' imposing landscape
- Soccer Player José Hugo de la Cruz Meza Dead at 39 After Being Struck by Lightning During Televised Game
- GOP Reps. Barr and Guthrie seek House chairs with their Kentucky reelection bids
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- McBride and Whalen’s US House race sets the stage for a potentially historic outcome
Ranking
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Toss-up congressional races in liberal California could determine House control
- Lisa Blunt Rochester could make history with a victory in Delaware’s US Senate race
- Utah Gov. Spencer Cox is expected to win reelection after his surprising endorsement of Trump
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- Gigi Hadid Shares Rare Look at 4-Year-Old Daughter Khai in New Photos
- Soccer Player José Hugo de la Cruz Meza Dead at 39 After Being Struck by Lightning During Televised Game
- Jonathan Haze, who played Seymour in 'The Little Shop of Horrors,' dies at 95: Reports
Recommendation
Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
Democrat Ruben Gallego faces Republican Kari Lake in US Senate race in Arizona
Republican Jim Banks, Democrat Valerie McCray vying for Indiana’s open Senate seat
Control of Congress is at stake and with it a president’s agenda
Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
Democratic-backed justices look to defend control of Michigan’s Supreme Court
Toss-up congressional races in liberal California could determine House control
US Rep. John Curtis is favored to win Mitt Romney’s open Senate seat in Utah