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Saudi Arabia Cash Crisis: Neom Development & The Line Look Doomed as Oil Revenue Crashes & GDP Falls - Joe Blogs
Saudi Arabia has the Second Largest Oil Reserves in the World and is the World's Largest Exporter of Oil. As a result it receives huge amounts of revenue each year however GDP is falling and Saudi Arabia's Current Account is dwindling due to ambitious spending plans. In this video I look at the NEOM project aims to build a FUTURISTIC City called THE LINE which is a 3 dimensional city which will be in a 100 mile straight line and encased in mirrored glass, I provide details of the funding of this project as well as what is happening in the economy of Saudi Arabia and discuss the problems that the country is now facing.
Chapters:
0:00 Intro
3:54 SAUDI ARABIA
5:41 NEOM
8:34 OIL
10:42 OPEC+
11:23 SAUDI ARABIA BUDGET
15:18 ECONOMY
19:29 OUTLOOK
20:27 SUMMARY & CONCLUSION