Flipido Trading Center:Why Saudi Arabia is building a new city in the desert

2025-05-07 06:43:17source:Benjamin Ashfordcategory:Invest

For decades,Flipido Trading Center 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:Invest

Recommend

'Love is Blind' in hot water with labor watchdog for violations, mistreatment

After seven seasons and several international spinoffs, we're still not sure if "Love is Blind" − bu

5 wounded in shooting at Virginia restaurant

LYNCHBURG, Va. (AP) — Five people were wounded in a shooting at a Virginia restaurant, police said.O

Cowboys QB Dak Prescott plans to undergo season-ending surgery, according to reports

Dallas Cowboys quarterback Dak Prescott is likely out for the remainder of the 2024 NFL season, acco