Why Saudi Arabia’s Economic Woes Just Keep Getting Worse

Sign up to Imprint (with a 7-day free trial and 20% off an annual plan): imprintapp.com...
MBS has been trying to shift the Saudi economy away from its dependency on oil with his Vision 2030 project, but things don't appear to be going to plan. So in this video we'll take a look at their economic difficulties and what this means for the future.
🎞 TikTok: / tldrnews
💡 Got a Topic Suggestion? - forms.gle/mahE...
Support TLDR on Patreon: / tldrnews
Donate by PayPal: tldrnews.co.uk...
Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a completely independent & privately owned media company that's not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can't wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
//////////////////////
1 - www.ft.com/con...
2 - www.cnbc.com/2...
3 - www.worldfinan...
4 - www.economist....
5 - www.centuroglo...
6 - www.mfat.govt....
7 - www.bbc.co.uk/...
8 - oxfordbusiness...
9 - www.bbc.co.uk/...
10 - www.economist....
11 - fastcompanyme....
12 - tradingeconomi...
13 - www.cnbc.com/2...
14 - freemoneypodca...

[@TLDRnewsGLOBAL]

As some commenters have pointed out, this is indeed a re-upload - the first version had a handful of typo-related errors in, so we took it down and re-uploaded. Thanks for watching all!

[@phalanx9005]

Has been happening way too often with the typos recently, you gotta proof-watch some more!

[@paulomartins1008]

​@@phalanx9005true, but good on them for pinning it.

[@natedcarr6148]

Thanks for the transparency!

[@MidnightsFirefly]

Typo errors and re-upload aside... You couldn't fix the very first seconds of the video that shows DUBAI (specifically, an area called Jumeirah Beach Residences) and not anywhere that's actually in Saudi?

[@bwhog]

Wow! Given the history here, surprised anyone bothered! 😅

[@noir-jaune6957]

Who knows perhaps focusing on vanity megaprojects to attract the rich is bonkers compared to trying to develop infrastructure to support your own people.

[@samelmudir]

It’s the movie blank check in real life. Like children holding money for the first time.

[@silentbyte196]

As a person in Saudi they are developing infrastructure, literal districts are being levelled in rebuilt in many cities like Riyadh and Jeddah. Riyadh is pretty much under construction 24/7 everywhere Edit: To emphasize, Riyadh is also among the fastest growing cities, at 10th place, ahead of all Western cities and behind some South & East Asian cities.

[@giorgioguercio3331]

I mean, most of their economic problems are due to the price of oil being lower than what they expected... They should thank their OPEC "allies"+Russia for that

[@3bdullah666]

do u even live here ?????

[@MRLONG758]

Bingo

[@AlanJeffery-y5f]

It's really simple - the "economy" isn't an economy - it's a petrol station. And they keep buying stuff that doesn't help them build one.

[@brp361]

Maybe stop paying washed footballers $800k per week?

[@fatdoraemon2069]

Thats pocket change tho

[@HSS02]

​@fatdoraemon2069 😂😂 no it's not ,they don't print money like usa

[@bamaramify]

They could if they actually had value in their country​@@HSS02

[@Michel-r6m]

Imagebuilding but no roi on other money spent.

[@wotintarnation8388]

That would also require them to not waste like hundreds of millions a year on LIV Golf and Esports World Cup and their World Cup and Olympics bids... I mean Monopoly GO! is making them a lot of cash but not enough to justify it

[@TimothyEbersohn]

MFW pointless dystopian megaprojects don't generate long-term economic growth

[@giovanni-cx5fb]

Who knew!

[@conormurphy4328]

😱

[@rami8896]

Dubai would argue otherwise

[@caocaoholdingaplushie6022]

🤯🤯🤯🤯🤯🤯

[@CristianmrWuno]

They ignored fundamental issues in physics and engineering in the name of marketing 💀

[@PeterSedesse]

The funny part is when they act like smart businessmen... nah, you just had the jackpot under your feet the last 60 years. The real bad news for them is that Opec+ now produces less than 50% of the world's oil production. So they can no longer just cut production and expect prices to rise.

[@alexandredesouza3692]

Wait, where can I find the source for the OPEC+ fact, is that true?

[@zsomborszigeti6797]

@@alexandredesouza3692 just type oil production per country, they're all working with UN data so it should be trustworthy.

[@deangelisdata]

@@alexandredesouza3692 trying searching the Internet

[@PeterSedesse]

@@alexandredesouza3692 Qatar, Ecuador and just this year Angola have all left OPEC+ I believe it was like 52%, and then when Angola left it dropped to 48%. The USA, Canada and recently Guayana have all been greatly increasing world production

[@qwerty1994ize]

I can’t even lie, they really got lucky with their wealth

[@jesdakosol1797]

The difference between Saudi vs. Norway is ….Norway invested for their people. Saudi?? investing on for the rich. Just for the Food for thought!

[@makisekurisu4674]

Saudi and Norway is doing the same thing right. There's no poor Saudi citizen out there just like Norway

[@BrandonPyle-v5m]

Actually there no poor Saudi citizen. However, that's because they basically use the oil money to keep them happy and wealthy. Without it Saudi Arabia would be a poverty stricken nation without anything of value and a work force that has to take large breaks in working hours because of their faith. Yes, that is actually a negative to productivity and competitiveness.

[@makisekurisu4674]

@@BrandonPyle-v5m It's not actually faith.A lot of it are made up lies that are used to keep people out of politics. They are essentially bribing people money and perks to keep people spoiled and stupid. But this is a double edged sword, as the result implies. The purest Islam is like this, you've got the five pillars of Islam which you have to follow strictly, try to avoid interest and do Islamic banking.Investments are ideal. For the rest of the rules try your best is all. If you only do the 5 pillars you will still go to heaven as long as you don't specifically disbelieve the Quranic verses. You'll have sins but the good will make up for the wrongs. The thing about women can't drive and whatnot, protest is sinful are all made-up lies

[@alexseguin5245]

@@makisekurisu4674 There's a whole bunch of poor Saudi residents though lmao

[@muhammedjaseemshajeef6781]

Saudi Arabia is focused on fighting in middle east countries and spreading wahhabism

[@thepatsnumber1fan]

Spending all that money on Ronaldo isn’t working?

[@venoim.]

750 million in 10 years .... Naa u could make a own pharmacy with that money oiii

[@antman7673]

Paying Ronaldo that much is the equivalent to only fans.

[@bestuan]

sportsbrain thinks his obsession is everything

[@zsomborszigeti6797]

It kind of is, considering that everyone is talking about it, that was pretty much the point. What isn't working is making one of the, or if the plans were to be actually constructed by far the largest construction projects in history, having to cut it down to 10 percent of the original plans because it costs too much, having it cost too much regardless and not having a single person live there after years of building.

[@ABC-ABC1234]

@@zsomborszigeti6797 You do realize NEOM is a money laundry scheme right? This has nothing to do with a linear city in the desert...

[@Ivan-qf1lj]

Saudi arabia is like: Help me manage my oil money Government function - $200M Army - $80M 100 km straight line megacity - $1,3T

[@FXT130]

Govt. function and Army spending are extremely high. They give tons of subsidies to their people and they are largest purchaser of US Arms.

[@adamelghalmi9771]

@@FXT130 like honestly if your gonna be glazing the US military industrial complex at least have the cash to back it up

[@zandaroos553]

Spend less on megacity

[@Mikachu90]

No.

[@yellowtomato]

Spending money like a teenager

[@paulomartins1008]

Based on the stock footage, they can rule out the fashion industry... 😂

[@mikexstad1121]

😂😂😂😂

[@IsYitzach]

Saudi Arabia is running into the same problem that West Virginia ran into a few decades ago. WV was/is dependent on coal and the coal market has collapsed with the change to natural gas and renewables. And it doesn't employ as many people as it once did the mechanization of the mining operation. WV hasn't been able to pivot to something new since and is hurting deeply. Saudi Arabia can see the changes coming and is trying to avoid the same fate. The problem is that they have the same issue that WV has. WV is almost entirely made up of unusable mountainous land. Saudi Arabia is almost entirely made up of unusable desert land.

[@bestuan]

what did WV try with?

[@IsYitzach]

@@bestuan No idea what they've tried. I just got here and my report is summary of this Wendover Production video on why West Virginia is poor: kzbin.info/www/bejne/amXPZ5ltnr16d80. He references a report that was commissioned that says that WV is poor because it is poor (negative feedback) and mountainous.

[@cal9688]

Plus y'all had Joe 'The Vampire' Manchin sucking the life out of the state

[@LiF-y3c]

@@bestuan They're back to their traditional economy, moonshine

[@andrewc662]

Seems perfect for solar energy production. Problem is that it kills their oil business.

[@CaptainBlitz]

I love how letting women drive is considered "liberal by Saudi standards" 💀

[@LexlutherVII]

Borat? 😂😂

[@LouieElias-Cashman]

"THEY DRIVE NOW" is such an underhand statement made by so many people ive seen

[@thor.halsli]

Letting women drive is a bad idea. How will they make our food if their out driving?

[@BroBro-tr2cw]

They have the almost if not the same rights as western women, don’t let your bigotry get in the way of facts

[@BigBaibars]

LMFAO good joke lil bro ​@@BroBro-tr2cw

[@michaeloshea5505]

Saudi Arabia is one of the last places I would consider as a tourist destination, regardless of what they build.

[@yl861]

Visiting Mecca and other historic places of the gulf would be nice if the country wasn't Saudi Arabia. Even considering Arab countries only, there's so much competition on the tourism market

[@full__tilt]

It’ll change. I’m considered an apostate because I no longer consider myself a Muslim and it’s a capital punishment for most Muslim countries, but I think Saudi can change.

[@fallenangel8785]

By the way, it’s one of the safest countries in the world

[@matt0993]

Try to visit Alula, its one of the best places in the kingdom. Just observe the rules ones you get there. Been in KSA for 10+ yrs. Safety guaranteed.

[@skarhabekgreyrukh8601]

for your info, Saudi have mecca. all muslim recomended to visit it atleast once innlifetime

[@JS-jh4cy]

Stop building the damn wall line to nowhere unless you want to reach bankruptcy 😅

[@JS-jh4cy]

That must be the real goal

[@makisekurisu4674]

They already stopped though

[@LiF-y3c]

@@makisekurisu4674 Well they haven't stopped, but it's been shortened to something like a 20th of the original length, so now it's just a pointlessly long skyscraper in the desert rather than a weird linear city.

[@makisekurisu4674]

@@LiF-y3c honestly they should try to convince tsmc to build a fab in there instead.

[@LiF-y3c]

@@makisekurisu4674 Saudi Arabia doesn't really have the right conditions for microchip production. It's an inefficient economy with a comparatively unproductive workforce. Most university graduates are women, yet women are generally consigned to a handful of fields like women's medicine and education, so the majority of their educated population isn't suited to such industries and there's still taboos surrounding female workers. Meanwhile, lower skilled workers that would be needed for logistics and basic production processes are few and far between. Saudi Arabia is relatively wealthy, so its population tends to rely on foreign workers for labour. If a microchip factory was built in Saudi Arabia, it would ironically probably employ mostly foreigners, so it makes far more sense to just build these plants elsewhere. Not to mention, the cooling required for these facilities is immense, so building it in the desert is not ideal.

[@VenomSnakee]

They made too many vanity projects and country-advertising instead of just purely investing in diversifying their economy.

[@arbalestarethebest7071]

Here i was thinking the last video got kashoggi'd

[@prateekbhurkay9376]

It did

[@smallcube-zn2mm]

Saudi women driving: OMG... SOO progressive Most Bangladesh women working in factories: HAHAHA poor backwards Muslims So money makes people look progressive not human rights

[@markmierzejewski9534]

Give Jared another 2 billion. That will help the economy

[@Gujratiah]

Perhaps the most pertinent comment here but will go over the heads of many

[@daudimasinde6280]

Hahhhaha. That made my day.

[@aceman0000099]

The subway guy? Jeez

[@this_is_patrick]

3:22 This is why dictatorships suck. Everyone becomes a yes-man in fear of (best case) being dismissed from their work and disappearing into obscurity; or (worst case) actually disappearing, never to be heard from again.

[@filmesharrifena865]

singapore at first lead by dictator and mr lee kwan yew also use dictatorship but he think ahead , they make singapore the heaven for investment and now you see singapore nowadays, it is not wrong for nation with many dumb people leads by dictatorship, the problem is who run the dictatorship, it is nation future is on one people hand

[@Pistolita221]

They're a kingdom, AKA an internationally legitimized dictatorship, so they get a different title cause dictator implies we shouldn't do business with them.

[@tripfoward]

How is their tourism sector so weak? They literally have a mandatory pilgrimage to the heart of their country as a tenant of one of the world's largest religions and the rest of the county's the world's largest beach. Throw in a Disney World for good measure if you need to, but they should have this figured out by now.

[@oadka]

until recently you couldn't visit the country for any reason except religion or work.

[@pauliewalnuts6734]

bedouins aren't known for smart ideas

[@ichifish]

I don't think I'll be the only one here experiencing deep schadenfreude. Stupid money does stupid things: sports teams, impossible megaprojects, luxury resorts. They could have been using their wealth to improve the lives of their citizens. These assholes deserve to lose every penny.

[@fatdoraemon2069]

Bro what do their citizens dont have? No taxes free healthcare and education. Their infastructure is amazing. Its just that it cant run like that forever. You can develop infrastructure only so far before it becomes a sunk cost. Their megaprojects failed because of poor planing but the end goal was to maintain the amazing life saudi citizens live thanks to petro dollars even when petrodollars run out

[@trash80media]

@@fatdoraemon2069 megaprojects are not bad on their own, starting but failing to finish so many megaprojects is bad though and a total waste

[@ciroalberto397]

​@fatdoraemon2069 I'm not an economist, but how paying 250 MD a year to Cristiano Ronaldo will improve regular people's life?

[@Raprada]

As James May said: “It’s back to carpets for you!”

[@serebii666]

@@ciroalberto397 all the jobs associated with Ronaldo and the team are the point. As pointed out in the video, SA's big issue is a sheer lack of jobs for their own people to do. Developing new industries, attracting already established industries and therefore building up a basic employment demand is literally the game. And celebrities and entertainers spur gaggles of jobs, whether it be working class like security and consumption, chefs and aides, to white collar services like coordination, management, legal, PR etc. The team being based there now means that it needs the stadium infrastructure, maintenance, and transport services and infrastructure, new hotels and housing to host fans - ticketers, pilots, drivers, airport staff, administrative workers, marketers, shop assistants, urban planners, architects, builders, electricians, plumbers, cleaners, gardeners, receptionists, etc etc.

[@MrArtist7777]

I recently bought 2 EV’s and converted my house to all electric, save a ton of money and will never use fossil fuel again, and look forward to the humiliating bankruptcy of all unbalanced, oil producing countries.

[@RuffinItAB]

Did you buy that with debt or are you just loaded

[@Jr-fn7oc]

​@@RuffinItABprobably loaded, and making back all the money in saving energy cost.

[@eldios831]

Never is a strong statement...the ship that imports your products uses oil...the plastics in your house has petroleum...the roads you use has bitumen and you pay taxes to maintain them..😂😂😂😂

[@manhoosnick]

Solar powered electricity?

[@KaiHonsou]

@@eldios831 The upfront costs in terms of what's used is still vastly better over time than not having it at all. It's like the argument with EC's and the minerals used, when over the life-span of the car greatly decreases the amount of overall materials and fuel used.

[@xpkareem]

100 years of oil. Multiple generations of Saudis (royal and otherwise) grew up in an environment of limitless money and oil with almost no effort. Think what that does to (a) people. They have no idea how the world works or how to do anything other than pump and sell oil. They never had to work for anything or learn anything to survive or struggle or think deeply or anything. At this point the entire country is like 3rd and 4th generation trust fund kids- only the trust fund is running out. They are so screwed.

[@Kissingerzones1311]

Saudi Arabia had world class universities you Racist loser "doesn't know how the real world works" my ASS

[@gabeux9800]

Beside investing heavily in education and other public infrastructures, I don't see how they can diversify their economy. They are cooked.

[@maestrovso]

Be careful exposing Saudi Arabia's problems, especially for criticizing MBS. Avoid appointment in their embassy at all cost. You may leave in more pieces than you came.

[@VB-us3cx]

7:05 - 7:09 *the little “Depending on Video” semi-second break was hilarious* 😂

[@LeoPard-HQ]

I'll tell you why the Saudi economy is tanking, because MBS is too busy playing video games all night and sleeping all day. 😂

[@Abu-huraira.0]

😂 For real! It's like he’s the captain of a ship, but he’s below deck playing video games while the whole thing’s drifting off course.

[@ssdd4424]

I’m sorry, but the line building project was stupid

[@frensilkie8769]

Don't apologize we the saudis know it's stupid,but what to do when a smooth brain dictator is in charge.

[@WildVoltorb]

That thing is not going up, c'mon

[@ssdd4424]

@@WildVoltorb the project has already started. But the length has been decreased to a km.

[@Ayem427]

So is Al Muqaab, that stupid ball inside of a skyscraper was doomed from the start

[@LexlutherVII]

A. Normal smart city would have been way better and beneficial,

[@MemekingJag]

"My grandfather rode a camel. My father drove a car. I fly in jet planes. My son will drive a car. My grandson will ride a camel." - Sheikh Ahmed Zaki Yamani the princelings don't understand that money can't turn a barren desert into an oasis, even if that's literally why they're buying groundwater from US property. The Gulf States are a shining beacon of decadence, corruption and cruelty that I won't miss once they return beneath the sand dunes.

[@Kissingerzones1311]

That quote Was made in 70s back when Dubai was nothing more than a barren before it became an advanced Mega city and the envy of the middle east Keep coping the gulf is here to stay "The stone age didn't end because we ran out of stones"

[@JenniferCochran-w5e]

Hit 250k today. Appreciate you for all the knowledge and nuggets you had thrown my way over the last months. Started with 24k in August 2024..,,.

[@CalvinLackey-k4q]

I would really love to know how much work you did put in to get to this stage

[@JenniferCochran-w5e]

I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear that you saved me from huge financial debt with just a small Investment, thank you Jihan Wu you're such a life saver

[@DeniseLascar-o8w]

As a beginner in this, it’s essential for you to have a mentor to keep you accountable. Jihan Wu is also my trade analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.

[@PattieKelly]

I'm favoured, $90K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America,, all thanks to Mr Jihan Wu😊🎉

[@JamesHTowers]

Waking up every 10th of each month to £210,000 it’s a blessing to I and my family… Big gratitude to this same Jihan Wu🙌

[@Beyonder1987]

MBS is not so bright. He loves flashy and has unrealistic view in life. To him, money grows inside sand

[@harrisonlichtenberg3162]

Gee, maybe trying to build multiple infeasible ego projects in the middle of a forsaken desert was a bad idea

[@smithb0134]

Although I respect the prince for his liberalization of Saudi society, this 2030 Vision was stillborn before it even started. Every time he reduced production in an effort to raise oil prices, the mom and pop shale operations in the USA would fill the vacuum because the higher prices made it profitable to drill. Did he not understand that oil is a world market and the Saudis are not the only players?

[@rioluna6058]

guyana and suriname :) im just gonna say htat

[@bjarkiengelsson]

No, he didn't realize that. That's their entire issue. They're royals. They've got nothing but ego and luck. And when their cash runs out they'll panic like all the others.

[@filmesharrifena865]

​@@bjarkiengelssonlike the indonesian oil production downfall , it is now more than half of their oil gas is imported from their neighborhood like malay and singapore

[@CC-ed7jr]

It's the same problem a lot of other countries with heavy centralized government often struggle with: they waste money on losing projects.

[@AkashRajput-rz7rz]

There is no project like XAI88x...it is literally owned by Elon Musk

[@futurepolice930]

I'm excited to see how xAI unfolds. Self interest meets good outcome.. indeed..

[@anilgorhanilgorh]

I Can’t believe i almost missed this, Appreciate the quick update my man!

[@payalsuryawanshi5237]

I actually just bought $5000 of xAI yesterday because I felt it would start climbing. Up around $5650 already because of this recent run up. Just bought more at less than $1

[@rp_gamingh]

Straight to the point as it should be! Thanks for the content you are awesome! PERIOD

[@SukdevVej]

Our patience with xAI will be rewarded. Nice to see partnerships are being built.

[@rhys244]

“It’s back to carpets for you”

[@davidsmith1310]

I would have thought that a key thing to do would be to go big on mining various ores, it is not like they would be cutting down a rainforest.

[@fatdoraemon2069]

Mining where tho? Where the mines at its just a latge desert

[@yofedstyhrega4594]

​​@@fatdoraemon2069 it's not all desert... They've got over 600.000km² worth of mineral reserves even if there is under sand they've the money for it and it'd still be worth the investment

[@serebii666]

@@yofedstyhrega4594 "even if there is under sand they've the money for it" Not if it costs just as much or more money to extract it. Deserts are deemed inhospitable for a reason, and so far humans have been really poor at dealing with shifting dunes.

[@mrgaudy1954]

@@serebii666While I would usually agree with you there is more potential upside by default than their current litany of vanity projects.

[@serebii666]

@@mrgaudy1954 The unfortunate fact of reality, in a world of Huak Tuah podcasts, crypto confidence scams and Kardashian business ventures is that projects and their marketability and initial success often boils down not to sound economics or value, but notoriety that is able to capture public discourse and become part of the contemporary zeitgeist. These fanciful megaprojects have more utility that just net economic draws, and the Saudis are well aware of it, just has the Bourbons were aware of the utility of Versailles, despite it bankrupting France, or Peter the Great establishing St. Petersburg and moving the capital from it's central defended position, to that peripheral, undeveloped swamp bordering Sweden. These projects serve to elevate SA's global profile, which nets other bonuses in other sectors just by virtue of higher awareness of the country, while also affirming the ruler's power for internal and external security, projecting a narrative for the medium term which develops stability, on top of the brute-force method of injecting jobs with the ultimate goal of a diversified economy

[@hsngm33]

you reuploaded but forgot to fix the ad read, it still flashes "depending on the video" at 7:07

[@angelmonroy3012]

we care about understanding the world around us depending on the video lol

[@D7EEEMA]

The thing is that the PIF is not totally paid for directly by the Government. A lot of their cashflow is through other financial instruments

[@Smyez]

Let's be real, most of their cashflow is from the Aramco dividend.

[@tomtomtombossa]

They are trying to copy or catch up with UAE and Qatar. They are heavily investing in Airlines and tourism industries.

[@عبداللهالحربي-ف7ل]

Beautiful and with stronger capabilities

[@reheyesd8666]

The problem is doing something too fast too quickly. Realistically doing something slowly and adapting those changes where needed is probably the better choice.

[@ayoCC]

Too much focus on luxury tourism, luxury cars, etc They need industries that can retain skills and ambition But when people have the skills and ambition, they'll be poached by foreign companies, or they'll dream about working at Tesla, or Google instead of some state sponsored car company, among people who also are at the top of their game. Founders also don't seem to get any support, they're just pouring money into vanity projects, rather than founding. They could be hosting some private shark tank or whatever try to get a look into people's minds and what they want and are missing, what holes to fill

[@Smyez]

Ideally yes, but it is a race against the clock. They need the oil revenues to fund the investments needed to diversify, which means doing it before oil demand declines and their revenue stream collapses.

[@jameshenry6855]

You've slightly underexposed the studio footage

[@iRiShNFT]

"Slightly" They've been in dark for weeks 🤣

[@cl114c0777498d]

@@iRiShNFT months

[@iRiShNFT]

@@cl114c0777498d 🤣

[@svartorivigt5016]

TLDR'S favorite kind of video they like to make: "Why this [Nation] Is doin [Worse/Better]."

[@Jimjameslewis]

Thanks for cheering me up with this analysis.

[@Aminur48]

Decided to piss their millions on vanity projects, washed up footballers instead of infrastructure , education, R&D, businesses,

[@عبداللهالحربي-ف7ل]

Saudi league has grown 3 times, let's go

[@bjarkiengelsson]

​@@عبداللهالحربي-ف7لpride always comes before a fall.

[@عبداللهالحربي-ف7ل]

@@bjarkiengelsson Not every time

[@harichandrakhandate4582]

I Hit 250k today. Appreciate you for all the knowledge and nuggets you had thrown my way over the last months. Started with 24k in July 2024

[@EdsonMachado-k7x]

Sounds good,how do you do that? I'm interested,how do I go about getting started?

[@EdsonMachado-k7x]

Do you invest with a professional broker??I'd appreciate it if you show me how to go about it.

[@JackEunice]

It's Geraldine Ann Philips doing she's changed my life. A BROKER- like her is what you need.

[@WilsonDavid-j1g]

Her top notch guidance and expertise on digital market changed the game for me.

[@Bettycrocker3]

YES!!! that's exactly her name (Mrs Geraldine Ann Philips) so many people have recommended highly about her and I'm just starting with her from United States'of America, Florida 🇺🇲

[@khaoscero]

A government taking government money and try to artificially create an economy is probably not going to work long term. companies have to rise organically

[@juice6521]

They don't understand or don't care. The royal family cannot be held to account, they are surrounded by sycophants and yes men. Normally in a democracy or even a one-party state there is a level of accountability, they have to actually be productive or face being outsed by their peers. Even Putin is afraid that he could potentially be removed if he loses the confidence of his peers hence the shows of force.

[@shauncameron8390]

@@juice6521 Pretty much.

[@BlankPageEmperor1334]

I'll be real with you, MBS, I don't try to plan more than a few months in advance these days, let alone six to fourteen years. 🙏

[@merrymachiavelli2041]

I really do wonder how Saudi and the Persian Gulf are going to cope with climate change. How do you build a competitive high-income economy when your main resource is unsellable and your population can't spend any time outside for increasing spans of the year?

[@larswhitt1549]

Was some excelent explantion in very short time. Well done guys!

[@meganegan5992]

It is shocking that Saudi Arabia hasn't managed to boost its tourism industry, considering they're in charge of one place on earth where a billion people are required, theologically, to go at least once in their life. They are in charge of the thing that is synonymous with "the place everyone goes to" and yet they just, can't get that to work for them?

[@ToyTiger666]

Many Muslims are poor.

[@bonafidemonafide7810]

TLDR on their 37th version of “China/Saudi Arabia/Russia’s economy is collapsing” video this year

[@sirgavalot]

Forgot the monthly Turkey video ;-)

[@bestuan]

Lmao true

[@MrOldWilliam]

They don't say it's collapsing, they just point out the country's economic problems

[@huckleberryfinn6578]

They didn't say that the economies are collapsing. And all 3 economies are not doing so well lately, even according to their own statistics. And yes, I know that Europe and the US has its own problems.

[@bestuan]

@@MrOldWilliam it is clickbaity though

[@tacitus6384]

The young lady doing the presentation is doing an excellent job.

[@Zach-jt5zr]

I’m favoured financially with Bitcoin ETFs,Thank you buddy.$63,700 biweekly profit regardless of how bad it gets on the economy

[@Enderson21]

How please!? If it’s possible, I would appreciate if you show me how to go about it

[@Zach-jt5zr]

Well, I picked the challenge to put my finances in order. Then I invested in cryptocurrency,stocks,through the assistance of my discretionary fund manager,

[@Zach-jt5zr]

Mr James Werden

[@crystalsword16]

I’m not here to converse for him to testify just for what I’m sure of,he’s trustworthy and best option ever seen.

[@cam3ltow]

Such a genuine personality!! He is really a good investment advisor. I was privileged to attend some of his seminars. That’s how I start my crypto investment.

[@m0o0n0i0r]

Same problems here in the UK in the sense that the government is too big and employes a lot of people. Problem is, the UK is borrowing to fund it.

[@the_pale_king7556]

Who would have figured that a state ran economy trying to focus on tourism in a ultra religious theocracy where you can be arrested for not wearing a head dress or wearing a cross and where a number of it's most most important cites are closed to none Muslims; would fail?

[@rami8896]

Luxury tourism at that too. High income tourists like spending their money on things like high quality wine, going to clubs, showing off to women their life style. The UAE maybe religious but they knew how to change some aspects of their country to cater to what high income tourists like. Saudi thinks they can just force high income tourists to enjoy an Islamic lifestyle lol. Like, maybe Muslims would enjoy it, but there arent many high income Muslim tourists around.

[@juice6521]

​@@rami8896 It's all hypocrisy. They're willing to bend their apprent ironclad morality for the sake of money, clearly. Perhaps it's time they stop pretending like they care and just do away with all these stupid laws and social restrictions. They have been moving in the right direction recently with letting women work and drive...which is, yeah...pat yourself on the back I guess for finally letting half of your population actually contribute to the economy instead of being uneducated slaves.

[@santhoshsridhar5887]

@@rami8896 Guess they're betting on it increasing though. Which tbf, it is.

[@عبداللهالحربي-ف7ل]

Saudi Arabia is now 11th in tourism and the fastest growing in 2024

[@adamelghalmi9771]

ultra religious theocracy? not to defend the dude but i don't think you've updated your saudi arabia update sicne like 1970

[@rm1305]

You got any non-dimmed lights in the studio ?

[@Rok..]

Yep. Plase make it more bright. It's difficult to watch

[@NilsMueller]

I guess she doesn't like how she looks so the lights are kept down

[@scoobydoobers23]

They are trying to help push Saudi Arabia into bankruptcy

[@LiF-y3c]

Getting ready for Halloween, it seems

[@jhwheuer]

Lol, there has not been a single Saudi I met that wasn’t dreaming about a government job without actual work.

[@bonafidemonafide7810]

Meet more saudis mate, especially young ones

[@ittzviper]

My generation are not like this , we know we are doomed if we dont work our butts by Gaining Proper Education and standing on our own feet by working regardless public or private sector. Prices are too damn high for almost everything. Its a suicide in this generation for anyone to rely on government like you said.

[@rami8896]

@@ittzviper True, I cant speak for everyone but the private job i work at now pays me a lot better than the government job i got an offer from.

[@coolColour-k2i]

@@ittzviper it feels really nice ,keep marching on ,you are the future,just remember Human Resources development is great,(education and health ) and not vote/elections/super cars,luxury life etc Plz open more and more university,colleges and schools,but not American or Indian your own national one start making things like railways,passenger ships ,education documentary channels etc They will increase your economy,they are many expats,reduce their number,its important,otherwise you will be minority in your own country,it it happens you will be finish/doomed decrease your technical dependence on foreign countries,instead of it,make your technology by ownself Never ever go aggainst your ruler , He is great ruler if any country goes against his ruler ,they are doomed to conflicts/war ,which is the end it is a dream of west country,to make Saudi instable ,and start war in that land Don’t make their dream true Focus of capacity building and skill development especially on computer science,software/website development,Ai development,media development,local brand and products promotion over foreign ones Best of luck

[@scorpiovenator_4736]

I knew living in a desert wasn't good for making money, but this is worse than I expected

[@yvl768]

Conbine the revenue of Amazon and Wallmart and its greater than last year of gdp of Saudi Arabia 💀💀💀

[@santhoshsridhar5887]

That just shows how rich the US is in general and how much Americans spend and consume. Not necessarily the fact that KSA is poor or something. Besides, Aramco's nearly worth that much too, and it's profit margins are several times higher than Amazon or Walmart.

[@yvl768]

@@santhoshsridhar5887 but Amazon and Walmart don't run a country but amarco does👍

[@wetchop8262]

Hello, I wish to correct a crucial mistake in the video made. There is an *insane* amount of focus on both investments into businesses and education. For education, there are several high-ranking, free, easy to enter, universities in Saudi Arabia. An example would be King Abdul-Aziz University. If you keep a moderate GPA, the government gives a monthly allowance to students, too, with automatic rewards for high GPA students. If the student wishes to study abroad, the government has a website with an large list of universities and majors, where there are several different types of scholarships, and easy to enter if accepted into one of the universities aboard. Not to mention, there is a huge focus on startups and business investments from both the government and private sector. I heavily advise researching your topics further please, as it is one of the largest benefits of citizens in Saudi Arabia, and saying that "education and businesses arent focused on" is a mistake, is an understatement. Another note, in regards to the alcohol shops, Alcohol is not within Saudi land if I recall correctly. There has always been alcohol in Saudi Arabia, but it has always been restricted to foreigners within gated areas, as said alcohol shop. I sense that there are a lot of topics in this video that have not been researched appropriately, and this video is an unreliable source. Thank you.

[@bestuan]

Thank you so much

[@Gujratiah]

Agree. Edward said explained lon ago why there is a lack of nuance in western analysis

[@wigs666]

Alcohol was completely banned in Saudi Arabia. The Alcohol Shop is exclusively for foreigners to use and has only been implemented in order to stop foreign diplomats smuggling booze in diplomatic bags that customs aren't allowed to search.

[@bonafidemonafide7810]

@@Gujratiahwhos edward?

[@Gujratiah]

​@@bonafidemonafide7810 a rather clever chap. His seminal work is 'orientalism '. Read it

[@nanucit]

A Line of decline the size of a city 😂

[@infringedblue]

The Saudi break even price of $112 per barrel doesn't really mean anything without stating the production volume it is calculated with...

[@rami8896]

Bloomberg has always been very biased towards Saudi

[@infringedblue]

@@rami8896 They easily paint themselves with this brush by presenting half facts. It casts suspicion in their intent by not reporting whole facts

[@oadka]

Very important point.

[@Daig-c2n]

*So much happiness and joy $47k weekly returns has been life changing. AWESOME GOD I now have a house and can now afford anything for my family even with my Retirement..*

[@RyslanDurstova]

Only God knows how much grateful i am. After so much struggles I now own a new house and my family is happy once again everything is finally falling into place!!

[@SabineLayla]

Same here waking up every 14th of each month to 210,000 dollars it’s a blessing to I and my family… I can now retire knowing that I have a steady income❤️Big gratitude to Ms Evelyn Vera

[@AdrizzBeer]

Absolutely! I've heard stories of people who started with little to no knowledge but made it out victoriously thanks to Ms. Evelyn Vera.

[@AldanaMackean]

I do know Ms. Evelyn Vera, I also have even become successful....

[@AldanaMackean]

After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸 also paid for my son's surgery (Oscar). Glory to God.shalom.

[@TrueHope-q6z]

Diversifying the economy like establishing companies that contribute to the GDP would be a idea other than relying upon oil only.

[@BrandonPyle-v5m]

The issue is that such companies have a disadvantage. The Muslim call to pray interferes with working hours and in the modern economy any company not working at peak efficiency is doomed to being overtaken and bought out.

[@rami8896]

@@BrandonPyle-v5m Yeah thats true. Foreign companies in Saudi actually preform better for that reason. Ive even heard of people getting a warning for that, and they stopped praying and just prayed after work or during break because the company is non-Muslim. Another thing is that the call to payer in theory is 5 to 10 min but most people take their time and just chill at the mosque which can lead to 30 min to 1 hour. So its very common to see a non-Muslim company enter the market here and take a huge chunk of the market share.

[@BrandonPyle-v5m]

@rami8896 yeah this wasn't a problem in the middle ages or the early modern period but it is now because the economic competition is 24/7.

[@manyulgarprsch]

I mean if opening the first alcohol shop is considered modernization...

[@jameswalker7899]

This was a nicely detailed, well-analyzed case study. Warmest compliments. Thank you. :)

[@mathias9542]

That without considering their reliance on foreign worker

[@AK-db2ph]

Exactly!!

[@egillanton]

The new newscaster sounds authentic just like the OG guy. Looking forward to see you expanding your company.

[@S0ulinth3machin3]

they haven't spent money on the long term investment which produces economic growth in the modern world: education. They still can't run their own oil industry. They have to hire foreign engineers.

[@TarMezo]

Before anyone comes out and say "They should've invested in education" just know that we study not only for free, but given financial reward each month. Moreover, Adobe, office software, and many others are given for free to students with many other aids such as discounts in libraries and so on. Poor people can sign up an account that gives them aid each month depending on the number of their family members. Healthcare is provided for free for Saudis and residents from other countries. I can spend forever talking about how much they spend on their citizens, so please do your research before writing thinking you're the genius of your time.

[@warsawtugger]

Weird opening shot of JBR in Dubai. Not quite Saudi Arabia.

[@icls9129]

Tourism - Hahaha, who goes to boring desert resorts where you can't enjoy yourself?

[@Drupzy.]

Your language comes across as confrontational rather than informative. As a Saudi citizen, I can proudly say that many of the ambitious goals set for Vision 2030 have been achieved ahead of schedule, with significant milestones reached by 2024. For instance, our education system has undergone notable improvements, and tourism has seen remarkable growth, with 17 million visitors this year alone-a significant figure considering our population of just 35 million. Additionally, 546 companies have established their regional headquarters in Saudi Arabia by 2024, surpassing the initial goal of 500 by 2030. The Public Investment Fund (PIF) also has an impressive strategy to double its current value within the next 10 years. Given our track record, we are confident in meeting these deadlines efficiently.

[@austriasalzburg]

Please do not take it as confidential. Europeans like to criticise everything. They criticise their own countries all the time.

[@NomadJoe0323]

What were they thinking pouring all of this money into golf and football? And the line? 🤦‍♂️

[@عبدالله-ن6ه2ص]

Change the name of Saudi Arabia and write Britain and America, and you will know the answer.

[@casperghst42]

Maybe spend less money on military toys, the royal family and silly man-child projects.

[@robertfarr9186]

Well they have lots of sand, and apparently there is a sand shortage for making concrete…

[@rioluna6058]

you need to use sand from the rivers not from the dessert is a diferent kind of sand

[@azoz158]

Omg. You guys really need someone who is an actually expert in this. Every paragraph have something small that is wrong which can change the whole point. I wanted to type it but it's way too much i don't have the energy

[@Nick-kv6zk]

Well said. Their debt to gdp ratio is

[@Ayem427]

​@@Nick-kv6zk until you learn how to spell "money" I'd avoid making comments about other people's experience, might make you look like a moron lol

[@henrycarlson7514]

Interesting , Thank You

[@willemvanriet7160]

A country needs leaders who lived real lives that built character and developed their understanding of real world economic mechanisms

[@shauncameron8390]

Venezuela had that with Chavez and Maduro.

[@MohammedAlSharif2002]

0:03 I think this might be Dubai

[@OmarExplains]

So many mistakes and misinformation it’s hard to respond. Fairly certain this was paid for.

[@Zz1BLAKC1Zz]

heeey what are you doing here 🤣

[@elfateh806]

It's pure hatred towards the kingdom

[@JohnE0102]

Elaborate

[@potts995]

Well essentially everything has to be paid for. Information isn’t free.

[@Ayem427]

Lol we get it, you're a Saudi bootlicker, relax bud

[@randyreynolds1045]

How is the Golf deal working out? How about the new city plans in the desert?

[@Heegooat]

They should have started reforms immediately after the USSR collapsed as there were no direct threats anymore. The second opportunity was in 2001 after 9/11....but they decided not to act until after ISIS. There is about a decade left for oil as a profitable commodity.

[@serebii666]

"were no direct threats anymore." Um are you forgetting the fundamental islamists? That was literally what stalled the Saudi reforms, in fact the 90s were the period when fundemental Islamism was becoming and spreading in popularity throughout the region. Huh gee I wonder why secularizing reforms wouldn't be easy or functionally possible on that backdrop? "they decided not to act until after ISIS." Ah yes, "decided", it has nothing to do with the fact that the current ruler, Salman of Saudi Arabia only came to power in 2015 when King Abdullah died and after years of GoT style political intrigue, I'm sure that has nothing to do with the "decision" Dude, if you're going to be that ignorant of the region, sometimes remaining silent is the best option.

[@yookalaylee2289]

Even the “investments” that might not be considered vanity projects (gaming, sports, etc) seem like the came straight from the mind of a child with infinite money. (MBS)

[@Ramschat]

In contrast to Saudi Arabia, Norway was already very rich before the oil sector grew massive

[@bonafidemonafide7810]

Thats not true..

[@FXT130]

Norway was extremely poor only 100 years back.

[@D7EEEMA]

Also it needs to be noted that some projects or investments were reallocated towards ones related to the Expo and World Cup

[@ivanmeen742]

Please adjust your studio recording brightness.

[@abdulrahman-yr1gp]

But the cost of extracting one barrel of oil costs Saudi Arabia $10. Where did you get the number $112 from?

[@MSTGamingTV]

Reupload?

[@ZyczePowodzenia]

In the country when majority of young population study theology instead of taking courses required by the market, it will always be like that. On the other hand, Saudi Arabia is a monarchy and religion play a huge role in their social life, so the government can’t speak their mind about changing this course of development.

[@MegaMURRAY123]

Saudis should invest in building more infrastructure something that will stand the test of time after the oil runs out

[@MD97531]

Not that simple tbh

[@silentbyte196]

They are doing that. Share of Oil in GDP has declined this decade and will continue to do so as per the vision 2030 programme.

[@MD97531]

@@silentbyte196 Saudi should just operate like a company, maximize shareholder value for Saudi people and not try to build a new company on such a hostile environment which is a doomed endeavor.

[@MD97531]

Saudi Arabia as a country is doomed and will certainly not be a first world country after oil.

[@silentbyte196]

@@MD97531 That I will agree on.

[@Jery7773]

The main goal of this country is to keep the Saudi family in power and not for the economic well-being of the country itself. On that measure, with the new brutal MBS they are doing well.

[@Mister_Rooster]

Unfortunately, Saudi Arabia has that Middle East syndrome where it seems like it wants to be like Dubai. I always thought to myself Saudi Arabia leadership should just invest in a bunch of tech companies and then buy out maybe some chip manufacturing and train our citizens there. I could only imagine if the Arabs all the sudden got smart and realize there’s 2 billion of them and have their own version of android better yet team up for China and push some Israel propaganda therefore 3 billion people using the same OS with pretty much crippled the west.

[@picklerickenjoyer]

"After spending billions of petrodollars" ... are these petrodollars in the room with us?

[@HilderAtkinson]

Bitcoin is on its way to down, getting closer to hitting new high prices, showing that it's loosing more value and could go even higher than we've seen before. This could mean great things for people looking to invest, suggesting now might be a good time to get involved before it jumps even higher. It's an exciting moment that could change the game in general...managed to grow a nest egg of around 2.1Blitcoin to a decent 11.4Biitcoin. At the heart of this evolution is Queridafx, whose deep understanding of both cryptocurrency and traditional trading has been instrumental. Her holistic approach to investment and commitment to staying abreast of market trends make her an invaluable ally in navigating this new era in cryptocurrency investment

[@JustinMulenga-r2l]

I feel one Of the greatest challenges that we first timers face in the ma rket is that we end up losing all we have, we find it difficult to find ourselves back to our feet. My biggest advice is to always seek the services of a professional just like I did when I ventured into it for the first time. Big thanks to Jasmine Querida. I now make huge profits by weekly through his services while still learning to stand on my own

[@EmelitaTahum]

I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with

[@EmelitaTahum]

Queridafx analyses go beyond surface-level trends. She delves into technical, fundamental, and sentiment analysis, providing a holistic view of the market..

[@annddyyy-6920]

I’m new at this, how can I reach her?

[@Christopherautum]

Her strategy has normalized winning trades for me and it's a huge milestone for me looking back to how it all started.

[@AnotherPointOfView944]

I am not from Norway. But understanding how the North Sea was exploited between the UK and Norway, Norway was very clever in their long term strategy, giving them a continuous supply of wealth over the decades since the '70s. The UK squandered it all and has nothing to show for it. Similarly, Saudi thought the gravy train would never end until relatively recently. Their domestic economy is fragile to non-existent. It would seem that in 50 years time, they will be back to being nomads eating the odd date and camel.

[@GeorginaMary-l3c]

I'm favored financially with Bitcoin ETFs approval, Thank you buddy.$32,000 weekly profit regardless of how bad it gets on the economy.

[@jesonmariyaa]

Same here, I believe the Bitcoin ETFs approval will be life changing opportunity for us, with my current portfolio of $108,000 from my investments with my personal financial advisor i totally agree with you

[@ToygarOzguler-t8p]

YES!!! That's exactly her name (Margaret Emily) so many people have recommended highly about her and am just starting with her, Kairangi from Brisbane Australia..🇦🇺

[@jesscindy4748]

people are ignorant of profitability in bitcoin investment and that has been the major issues limiting their investment

[@kiko-x5y]

She is my family' personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.🇺🇸

[@Cdcj-m7g]

This sounds so good and I would like to be a party to this, is there any way I can speak with her?

[@vietimports]

you mean investors dont think building fake sci-fi futuristic cities in the desert is a good use of money?

[@ameryaser3987]

As a saudi guy I'm gonna admit to being pretty ignorant on this. I will just say not every investment was in mega cities or sports, i also recall that there's focus on microchips, green power, education, and infrastructure. Whether that'll actually help hell if i know. But inshalah it goes well because i really don't want saudi to be stuck in a post oil world with they're pants down.

[@Copperkex]

As Israeli, I really hope MBS will provide. He seems like a visionary. He will need to do a lot of reformation of Islam. But I hope he will succeed. Salam

[@ameryaser3987]

@@Copperkex thank you.

[@bonafidemonafide7810]

ثالث مره ينزلون فيديوا عن فشل الرؤية مع ذلك الارقام تثبت عكس كلامهم، طقطقة الموضوع؟

[@CutieZalbu]

@@Copperkexno such thing as Israel #freepalestine from river to Sea

[@evanahmed6947]

@@Copperkex oh look child killer

[@SachaXL01]

I don't believe Georgina can speak 48 languages, which means she's the only member of your staff who takes that extra minute to be respectful as well as informed and checks pronunciations, something I still find astonishing for a new outlet, and it still makes me think you get ChatGPT to write your stuff for you, (apart from Georgina), since research would surely mean encountering correct pronunciations numerous times. So, get her to give the rest of you a session on professionalism? Give her a proper raise? Let her do all the reports? Maybe all three? Whatever it takes to come across as more professional would be great. BTW. Thanks Georgina.