Thomas Caldwell:Why Saudi Arabia is building a new city in the desert

2025-05-05 12:43:34source:James Caldwellcategory:News

For decades,Thomas Caldwell 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:News

Recommend

Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes

Friday the 13th might be unlucky for many people, but Mega Millions players could be lucky in tonigh

Chipotle unveils cilantro-scented soap, 'water' cup candles in humorous holiday gift line

Chipotle announced Wednesday it is bringing back three of its best-selling, viral products that make

Elena Rose has made hits for JLo, Becky G and more. Now she's stepping into the spotlight.

Elena Rose has never been one to keep her feet on the ground, and now she's ready to soar.The Venezu