Why The Gulf States Need To Keep Building Big Dumb Mega Projects

Economics Explained

EpisodeOct 13, 202223m

Why The Gulf States Need To Keep Building Big Dumb Mega Projects

Economics Explained

EpisodeOct 13, 202223m

Saudi Arabia, Qatar, the UAE and other oil rich Middle Eastern states have announced plans to collectively invest trillions of dollars in new megaprojects, the most extreme of which is Saudi Arabia's $1 trillion 170km skyscraper called The Line. Why are these countries spending so much on mega projects and does it make any economic sense? Learn more about your ad choices. Visit megaphone.fm/adchoices

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On Economics Explained, we take a look at interesting countries, policies, and decisions from the point of view of an economist. The world is an interesting place and we hope to uncover some of this intrigue in our short, informative podcasts.

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