Thurston Carte|Why Saudi Arabia is building a new city in the desert

2025-04-30 02:42:22source:Flipido Trading Centercategory:Finance

For decades,Thurston Carte 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.

More:Finance

Recommend

Woman dies after Singapore family of 3 gets into accident in Taiwan

One woman died after a family of three from Singapore got into a car accident in Miaoli, Taiwan on S

Inquiry into New Zealand’s worst mass shooting will examine response times of police and medics

CHRISTCHURCH, New Zealand (AP) — An inquiry that began Tuesday into New Zealand’s worst mass shootin

Geri Halliwell Reacts to Kim Kardashian's Desire to Join Spice Girls

If you wanna be a member of the Spice Girls, Kim Kardashian, you gotta talk to Geri Halliwell-Horner