Why Saudi Arabia’s Economy is Doing Worse than It Seems

In a bid to diversify their economy and influence, Saudi Arabia has invested heavily in multiple projects as part of the Vision 2030 initiative. But unfortunately for them, they aren't really working out and this could pose a problem for the Crown Prince.

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[Colby_-_IRL_and_title_fights]

Ohh so spending billions to have elite athletes compete in empty stadiums is a waste of money???

[AgieSebie]

Who would've guessed that wasting billions on useless megaprojects would result in financial deficits...

[kevinbarry]

That line city is the single dumbest idea in all of human history. And that is saying something

[patrykc]

The line sounded dumb at first, but now after hearing about it for a few years, it sounds even dumber

[jhwheuer]

Just avoid any Saudi embassies in the next years, guys.

[immanuelkant]

So the line got cut 99% to just 1%? ... Is that not the same as cancelled?!

[nikobellic]

What economy? Millions of third world slaves, Western skilled workers and a petrodollar-funded indigenous population

[burnttoast]

The line is definitely made of pure white Columbian

[unvergebeneid]

Who would've thought the guy who cuts critical journalists into tiny pieces is bad at listening to constructive criticism of his... let's call them economic development plans.

[casualsuede]

MBS is the equivalent to a ego filled trust fund baby who thinks that market research and risk management is for losers.

[hydronpowers]

Spending money on improving the country ❌
Spending money on vanity projects ❎

[danielhancock]

Well explained. Thanks for bringing up the video. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject…

[jhwheuer]

Does the Vision 2023 mention Saudis actually showing up to work for a whole day, every day, every week? Coz that seems like super duper important.

[gingerkilkus]

My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on in Saudi Arabia.

[Joseomoore]

You are using pictures and slides of Dubai when talking about Saudi, pretty poor journalism.

[nukeplatine]

I mean who in their right mind would even think of building a linear city. It just shows that having money doesn't necessarily go with having common sense.

[nesseihtgnay]

MBS is desperate, because he knows oil wont last forever

[aibel]

I can feel the hate with hundreds of comments. Yall wanna see the arab world fall on its face instead of flourish.

[abdelrahman]

I'm middle eastern, you won't believe how saudis actually think they are a developed nation and that they are 500 years ahead of the world just because they are rich, we try to tell them that being rich dosent mean you live in a developed country and this richness is all of because of the oil and slave labor from south asia, once the world finds something better than oil and the workers stop being enslaved and go to their homeland you will go back to living in tents, their only response is always: "you are just jealous of our development".

[michaelgodwin]

Considering how cheap their subsidized energy prices are, they should be looking at diversifying into industry. The Arabian-Nubian shield geographic region is pretty well known to contain deposits of gold and many other critical metals and minerals; I feel like they should be looking at diversifying into the mining sector.