SAUDI ARABIA Cash Crisis: Neom Development & The Line Look Doomed as Oil Revenue Crashes & GDP Falls
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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.
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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
#saudiarabia
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#theline
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#russia
#uk
#pricecap
#GLOBALFINANCIALCRISIS
#RUBLE
#SWIFT
#RECESSION
#CHINA
#USA
#NATO
#WW3
#WORLDWAR3