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

@hectorcm2063

13 күн бұрын

Who would've thought

@stian1236

13 күн бұрын

well if you combine that with no one watching the games on TV, giving you no marketing potential either. Then yes it is a massive waste of money.

@Mak095

13 күн бұрын

@@stian1236 people are watching on TV, tracking the numbers is hard as many just go to cafes/restaurants with TVs and watch there, or they'd get together with friends/family at someone's place. But probably just like for the stadiums, only the main events get attention

@emp437

13 күн бұрын

Tbf the stadiums are pretty filled.

@cactusman07pim

13 күн бұрын

The Saudis might as well spend their petro $ wealth while it lasts. That´s going to crash in the near future, transforming the dessert into a sustainable economy is impossible.

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

@JongeKroost

13 күн бұрын

You don't get it do you? The building will be really really really big. Like bigger than other buildings. Like the biggest of all buildings. And then everyone will clap and MBS wins at politics.

@martin96991

13 күн бұрын

​@@JongeKroostyeah and that will replace oil money? Once the oil is done the entire Middle East economy is done. They'll be just like another African nation.

@CPTE5069

13 күн бұрын

I think he's being sarcastic.

@Just-lz7tl

13 күн бұрын

​@@martin96991 He's clearly being sarcastic

@ishotuknok

13 күн бұрын

Qatar will be fine, they got enough cash in their wealth fund to maintain a nice lifestyle for the next few decades without oil money

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

@daevious_

13 күн бұрын

It's in tight competition with the Children's Crusade, at the very least.

@ICreatedU1

13 күн бұрын

Huh, lots of competition there though. Caligula once declared war on Poseidon and ordered his troops to go to the beach and stab the water and throw spears at the waves. Otherwise there's this asshole who thought it would be a good idea to release all the birds mentioned in Shakespeare's plays on American soil causing an ecological disaster still felt to this day. Oh yeah, what about the dimwit who thought that adding led to engine fuel would be a genius idea and who ended up being directly responsible for hundreds of thousand, if not millions of deaths. Humans have been holding each other's beer for a long time now... and we're not done by a long shot!

@kevburke

13 күн бұрын

Any gobshite who played Sim City for more that 5 minutes could have told them how bad an idea it was

@Ar1AnX1x

13 күн бұрын

this type of insane projects happens when someone who's kinda smart but not intelligent and has a lot of power and resources tries to be innovative but they think crazy insane spectacular shit is somehow innovation when really they're just stupid and a waste

@nasis18

13 күн бұрын

They even executed a few people who spoke out against it. Those people spoke out against it because they had their land seized as part of the construction of it.

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

@CatOfSchroedinger

13 күн бұрын

ngl, you had me in the first half 🙂

@stefanwolf8558

12 күн бұрын

King: we need to invest our money! Advisor: I suggest blue chip stocks and stable companies King: no, I want a thin ass city..... ......in the middle of the fcking dessert.

@oskadavid2964

11 күн бұрын

SAUDIS STEAL THE OIL AND GIVE IT TO THE USA, WHO FUND ISRAEL TO GEN O CIDE PALESTINIANS, BOYCOTT THE SAUDI TRAITORS

@theemirofjaffa2266

6 күн бұрын

He had us all in the first half 😅​@@CatOfSchroedinger

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

@StarterOffical-Jousha-lf6ig

13 күн бұрын

You pretended like there is going to be presidents watching.

@donaldmcronald2331

13 күн бұрын

Don't forget the consulate in Istanbul.

@Scatteril

13 күн бұрын

Like if your government agents did not assassinate anyone.

@Emilia-wy8zh

13 күн бұрын

Sure

@everythingisfine9988

13 күн бұрын

Especially when the wood chipper is delivered

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

@kp5602

13 күн бұрын

It didn’t get cut, theyre doing it in phases

@Ginzolo

13 күн бұрын

the dot

@giovannip8600

13 күн бұрын

the dash XD

@santostv.

13 күн бұрын

Just buy an island instead, expand eez

@NR-fd9wv

13 күн бұрын

@@kp5602 they cancel it in phases? do they think it is less embarrassing?

The line is definitely made of pure white Columbian

@victoriajones8747

13 күн бұрын

Lolll

@bravosierra2447

13 күн бұрын

They’ll need it to march from one end to the other.

@nasis18

13 күн бұрын

🤣😂🤣

@ChickenMcThiccken

13 күн бұрын

i can tell you one thing. if drugs are the only thing going for saudi arabia ; and no more oil is being used because everyone now is on electric instead of fossil fuels? saudi arabia will look like afghanistan in 10 years.

@IsAcRafT

13 күн бұрын

​@@ChickenMcThicckenmore like half of that time, never underestimate what the radicalized salafist clergy is capable of.

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

@annasabdulle

13 күн бұрын

Exactly

@ramicollo

13 күн бұрын

Don't forget porta potty Instagram models

@samsadeniz

13 күн бұрын

@@ramicollo they are in Dubai. for now...

@oFaisalo

13 күн бұрын

That’s Qatar dum @ss

@ramicollo

13 күн бұрын

@@samsadeniz for the longest time, I thought Dubai was in Saudi Arabia 🤯

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

@hydronpowers9014

13 күн бұрын

Allegedly

@beach2787

13 күн бұрын

​@@hydronpowers9014😅😅

@bluesclues132

13 күн бұрын

Imagine if these gulf countries spent that on building a semi conductor industry to compete with Taiwan ?? They’d be minted - but nope too late now …

@SaudiArabianball

13 күн бұрын

Saudi is literally spending money to improve the country

@ziyad2554

13 күн бұрын

who said Saudi isn't trying to improve the country?

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.

@gstrathmore194

11 күн бұрын

Yeah, it's shocking that people seem to have forgotten about that.

@turboleggy

Күн бұрын

​@gstrathmore194 most people don't know the truth. MBS is a stabilizing force in the region, modernizing a really backwards society. You think the US or the west can do better? No. It takes an authoritarian leader to do that for muslim societies that preach violence. MBS has some serious flaws but there's no better alternative.

Thanks. Experts are always the best in forex and cryptos 👍

@DianaWilliams-gw9fg

3 күн бұрын

I'm interested in investing, but I'm not sure where to start. Do you have any advice or contacts who can help me out?

@kimberlykate6184

3 күн бұрын

Investing can be complex, so it's smart to get professional guidance when building your financial portfolio.

@HassanAdisa-sk7wi

3 күн бұрын

It's a great idea to have a conversation with financial advisors like Naomi Dean to reshape your portfolio.

@LouisEthan-bk6qc

3 күн бұрын

I spread out my $25k portfolio across various markets to diversify my investments.

@SamHeughan-uc9xd

3 күн бұрын

That's awesome! I ended up making a net profit of about $115k by investing in high dividend yield stocks, ETFs, and equity.

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.

@DeLorean4

13 күн бұрын

I feel bad for all the engineers who were forced to agree it was a good idea. I have a feeling you aren't allowed to disagree with the Saudi royals.

@NR-fd9wv

13 күн бұрын

@@DeLorean4 don't worry, they are usually employed by western companies and make a lot of money. that's also the reason they would never tell them how stupid it is.

@NR-fd9wv

7 күн бұрын

@@user-gc6wd7dm4w it's even funnier when you guys behave this arrogant despite never having achieved anything. bragging about things you have only announced seems to be a an important part of culture in these oil states

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

@RomWatt

13 күн бұрын

MBS stands for "maximum bullshit"

@MrSpiderlions

12 күн бұрын

Who do you think is providing the consulting, logistics, market research, risk management, blue prints, etc.?, I'll give you a hint: McKinsey , BCG and their likes. PwC paid their London employees bonuses from the money they got from Saudi.

@michaelgreen1515

12 күн бұрын

Is he Saudi?

@1queijocas

11 күн бұрын

@@MrSpiderlionsif the king is a complete idiot, why waste time making a complex business plan? Just make so cool looking cgi with catchy words and that is all he cares

@oskadavid2964

11 күн бұрын

SAUDIS STEAL THE OIL AND GIVE IT TO THE USA, WHO FUND ISRAEL TO GEN O CIDE PALESTINIANS, BOYCOTT THE SAUDI TRAITORS

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.

@kevinbarry71

13 күн бұрын

Will never happen. Nothing gets done in that country without some foreigner doing it. From the bottom to the top

@kp5602

13 күн бұрын

Im a saudi and I show up for work all the time, so do most saudis

@hasselnttper3730

13 күн бұрын

​@@kp5602do people show up at Arab o'clock or on time? Jk lol

@kevinbarry71

13 күн бұрын

@@kp5602 but do you do any work? And if you do is it productive?

@adamsaciid4919

13 күн бұрын

​@@kevinbarry71not your business it's his private life 😊

Sounds like a classic case of pride goeth before the fall. They had every opportunity to spend their money wisely back while they were coasting on oil, but nope. And now here they are, unable to learn quickly enough as peak oil approaches.

@abedmarachli7345

13 күн бұрын

Who do you mean by (They) Saudi Arabia is a tribal dictatorship state that inherits the people as you inherit real estate and furniture to your children and family!! There is no freedom of opinion or any regulatory bodies on how to spend the money and where

@kbrnsr

9 күн бұрын

​@@mmgxoJesus Christ dude...

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.

@aritragupta4182

13 күн бұрын

I think MBS wants to create an alternative to extractive industries.

@michaelgodwin6158

13 күн бұрын

@@aritragupta4182 understandable. Though with most mining operations by far the biggest overhead comes from the cost of fuel. So Saudi Arabia is still in a unique position to make the industry profitable. 5300+ potential commercially viable deposits have been found on the Arabian peninsula side of the Arabian-Nubian shield alone.

@Pmooli

13 күн бұрын

​@@aritragupta4182they are already fighting for African resources with UAE. The sahel and horn of Africa is their battlefield.

@adamsaciid4919

13 күн бұрын

​@@Pmoolinonsense

@kp5602

13 күн бұрын

Theyre currently doing this, you should check out their national mining company MAADEN

so we should stop calling The Line and start calling The Dot.

@isb281m

11 күн бұрын

The line

@RealUlrichLeland

7 күн бұрын

​@@user-gc6wd7dm4w There really isn't much left to be proven wrong about the line anymore. Everything that could have gone wrong already has. The design is nonsensical, the investment hasn't arrived and it's already been scaled back to 1% of its size.

Please tell me that none of you ACTUALLY have any faith in that Line project

@timowagner1329

13 күн бұрын

It would be nice if they actually build it because then everyone could see how stupid it is in real life and that might stop some other projects... And I would be glad if its the saudis money and not my own countries money...

@cheesebiscuits6323

13 күн бұрын

All the budget went into marketing it, so I’d say the majority of the population haven’t really looked into it enough to see the holes perforating it.

@cheesebiscuits6323

13 күн бұрын

@@timowagner1329 I’d say it’d be good if it reached an early stage of construction, proving the dumbness without wasting too much money, for the sake of the people in Saudi Arabia, who might need their state to have some money left over for, i dunno, welfare

@timowagner1329

13 күн бұрын

@@cheesebiscuits6323 sure welfare would be nice for the average saudi citizen, but (at least for now) they are not that important in a political sense - who knows, maybe these money pits could spark some change in the political landscape in Saudi Arabia :)

@kp5602

13 күн бұрын

@@timowagner1329 You guys sound like colonial administrators meeting to discuss some “lesser peoples” you control. Im a saudi myself, we DO have a welfare system and our utilities are heavily subsidized, our education and healthcare sectors are free, not sure why youd speak on my country if you didn’t bother to learn basic facts about it beforehand. And if you think people are going to “create political change” you definitely don’t know what you’re talking about, no one here is angry at the government or pissed off, theres independently-ran opinion polls which show that.

Norway just sitting in the corner, on top of a huge pile money. And still not getting ronaldo.

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

@user-gw5ji3ox9v

12 сағат бұрын

Who cares

If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you... prevent inflation

@MistiYoung-eh8en

13 күн бұрын

A lot of people still make massive profit from the crypto market, all you really need is a relevant information and some ‹professional advice. ‹it's totally inappropriate for investors to hang on while suffering from dip during significant

@MistiYoung-eh8en

13 күн бұрын

No I don't trade on my own anymore, I always required help and assistance

@MistiYoung-eh8en

13 күн бұрын

From my personal financial advisor

@MistiYoung-eh8en

13 күн бұрын

Here is her line she’s always active

@MistiYoung-eh8en

13 күн бұрын

+1548

What they need to fix is laziness.

@user-op8fg3ny3j

13 күн бұрын

What makes you say that

@EdwardHohenheim

13 күн бұрын

​@@user-op8fg3ny3j Saudi citizens enjoy everything subsidised and rich government jobs while all your actual labour is done by poor migrant workers from the Indian subcontinent or SEA trapped in slave contracts.

@jishnukm9188

13 күн бұрын

I

@TS-zp7pe

13 күн бұрын

And you need to fix your ignorance for saying something so outdated and stupid.

@pocarisweet8336

13 күн бұрын

Truth hurts. They are very lazy. Nothing comes out of that region that doesn't destroy this planet. May it be fossil fuel, plastic and it's cult.

Unfortunately, without oil, these people will go back to living in tents in the desert within the next decade.

@bretonneux3389

13 күн бұрын

may be not the next decade but yeah. And, first, there will be a dune 3-like humanitarian cataclysm that will make look Gaza like childplay. Because, when they were living in tents, Saudi Arabia had barely 2 millions inhabitants. Now it has 20 millions inhabitants (plus 10 millions slave-worker foreigners)....so yeah, it's going to be ugly....the infortune will be, their degenerate upper classes will probably flight to the West before it collapses....

@tombee9785

13 күн бұрын

Thank god

@user-op8fg3ny3j

13 күн бұрын

You say that like they care. Arabs will survive

@EdwardHohenheim

13 күн бұрын

​@@user-op8fg3ny3j Maybe if it happened 50 years ago but now most will just wither away. I doubt any of them have any grit like the Palestinians after years of opulence and luxury.

@santostv.

13 күн бұрын

I bet they have houses now they will not disappear just because oil money diminishes, they have a “small” population of 18,800,000, also they have a sovereign wealth fund so they will not lack money but instead of everyone spending money on vanity plates to flex , most will become like people in the west, richer than half the world but not so rich that everyone drives a Mercedes g wagon

The lowering of oil demand is such an exciting thing, a future with lower reliance on these countries only has positives ❤❤

To quote former oil minister of Saudi Arabia Sheikh Ahmed Yamani: "All in all, I wish we had discovered water instead."

@rami8896

9 күн бұрын

Yeah oil isnt a good resource as people think. Its like getting a free wish that comes with a catch.

@Directlite664

6 күн бұрын

If he actually said that then you know to never take him serious ever.

@tannisroot

5 күн бұрын

@@Directlite664 Look up the list of countries by oil reserves and compare it to the list of countries by human development index as well as Freedom House's Global Freedom index list. Not only they don't match, there is practically an inverse correlation between the first and the last 2. Oil is a curse.

The problem is not the single industry. It's the single ruler.

You are telling me the Line and Octagon were terrible ideas for spending money. What a shock

@theemirofjaffa2266

6 күн бұрын

I'm literally shocked 😮😂😅

A lot of Saudi bots in these comments. Might as well use the money while you can it seems

@Yayahooooo

11 күн бұрын

R u sure we are bots 😂?!

@maxwolf8055

8 күн бұрын

All I see here is a huge number of Saudi Arabia haters. I think it would be correct to say that there are thousands of bots here paid for by the West and Israel.

@maxwolf8055

7 күн бұрын

@@user-gc6wd7dm4w They hate Arab countries, it is only reason why they write this bull s...

@VELBLE

5 күн бұрын

bots?

wait, building a city in a narrow straight line.. is a colossally stupid waste of money? Next you're going to tell me that Building a bunch of islands in the vague shape of a small earth out of sand will also be a waste of billions.

Running a deficit after a whole producer is still cut from the global supply chain is impressively incompetent

Great video 🤝

very nice video!

This is a pretty standard outcome when attempting to boost a planned economy that has already maximized output. Planned economies like the USSR, North Korea, China, and many others often see a boom in productivity when starting from nothing, but then they hit a peak. As the economy grows it grows more complex. It eventually grows too complex for any single person to be able to handle it well. The country then either tightens down on authoritarian measures oppressing opposition and the economy stagnates similar to how the USSR stagnated for decades, or they loosen up restrictions and allow the economy to control itself in a more democratic way. South Korea is a good example of this. It started planned and loosened up and became more democratic. Japan too, though this happened in the 1800s. China is an interesting blend where it loosened up a bit but hasn't let go of authoritarian control and is now beginning to face the same stagnation issue today. Saudi Arabia is in a similar boat. It's economy is too controlled. The solution to growing and diversifying the economy up is not to play SimCity and build a bunch of industry. Instead the solution is to focus on education, stability, and an openness for businesses to function organically. The more educated the population the more profitable the businesses and its people will be, so in the end education becomes paramount. This is something the US could learn as it's public education has been going downhill over the last handful of decades. This leads to people in the US growing poorer over the generations. Saudi Arabia could copy a blend of both Singapore and Norway. This way it wouldn't need to reinvent the wheel. There are countries that have already gone down this path and have found success. Right now Saudi Arabia is mirroring the attempts from countries that saw their economy stagnate. It's not too late. MBS is smart. Maybe he'll figure it out.

@cxzact9204

13 күн бұрын

I agree that market freedom is the most sustainable way of running an economy. But Norway had an economy before oil and even now it accounts for only 1/4 of GDP, even though their exports are 3/4 oil. The difference being that Norway is much less reliant on exports than Saudi. They have a home grown economy equivalent to any non oil European economy. And Singapore is a city state and reliant on trade which I personally think is an aberration that has thus far been much touted as a model by economists but has never really been successfully duplicated. The Saudis were camel herders that found oil and quickly became a nation used to little work for lots of compensation - probably just like any other would. Changing that, successfully, will be rough.

@tacituskilgore80

13 күн бұрын

Saudi Arabia is far from planned economy

@raybod1775

13 күн бұрын

Glad to read a comment from someone with a broader view of economics. MBS is trying to modernize as fast as possible, but he is constrained by fundamentalists, lack of infrastructure, large entitled royal family and societal inertia.

@stuffandthings1155

13 күн бұрын

@@raybod1775 I wouldn't say that he's constrained by those first three. Did fundamentalists tell him to spend billions on a handful of soccer players? I'd say not. Did lack of infrastructure stop him from attempting the line? Did a large entitled royal family tell him not to concentrate the country's economic power into the hands of the state and, ultimately, the royal family? Social inertia is definitely the problem. You have no idea how hard it is to get people to do things as simple as show up on time and do honest, transparent work.

@flaror3496

12 күн бұрын

Is not a planned economy, your comment is off

"Im gonna draw a line here"- some servant- "He wants to draw a line" - some drugdealer "- and he wants a line, long as a continent" - some architect " and its gonna be a city". Meanwhile, they could have all that for cheap, with a damn and a greenhouse- cover over for a wadi.

Thank you!

I may not be the most financial savvy person, but spending billions on a line city through the desert probably wasn't a good investment.

@ABC-ABC1234

12 күн бұрын

They actually could have given Egypt a good run for their money! (Especially seeing Egypt being a garbage state) The location in North West Arabia, means that out of the whole country, that part is the most temperate. Then they went and messed it up! If they had invested in a circular city at the very least they would see return on investment.

Diversify your economy kids, you don't wanna fall like the little petrol economy of Venezuela

@shauncameron8390

13 күн бұрын

Venezuela destroyed whatever diversified economy it had with price control, nationalization and bureaucracy.

@gabgames9025

13 күн бұрын

@@shauncameron8390 This too, but they also were pretty dependent with oil

@isb281m

11 күн бұрын

Yes we diversified. I don’t what is your country but a commentor who is not a minister, CEO, investor, rich, and does not work for the highest job position in the government or private sector should not speak.

What you need to understand is that the increase in borrowing was communicated to the public in advance and it has been a government policy aimed at increasing the international markets’ connectivity with the Saudi economy. Furthermore the change in the stance on fundamentalism is aimed at unrooting the extremist ideology preached by the Muslim Brotherhood, and it is extremely popular due to the growing resentment against them and their motivations.

@yahyazekeriyya2560

13 күн бұрын

What exactly is extreme about the Muslim Brotherhood?

@AizenIsKubo

13 күн бұрын

@yahya When you are so blinded by religion your head is firmly up the rear end of Islam, you won't see anything wrong with it.

@yahyazekeriyya2560

13 күн бұрын

@@AizenIsKubo So you know all about me based on a question I asked? Please, tell me where I was born, where I have lived, where I've studied, and my entire life story. If you can do that, I'll take your comment seriously. Otherwise, you're just another internet troll who wasn't able to answer a sincere question I asked without any prejudice.

@AizenIsKubo

13 күн бұрын

@@yahyazekeriyya2560 Yes, I did. If you have to ask that question you are so blinded by religion your head is firmly up the rear end of Islam, you won't see anything wrong with it. Did I stutter? I will keep repeating this over and over again.

@yahyazekeriyya2560

12 күн бұрын

@@AizenIsKubo Cool beans, kiddo. I bet you're not even a real person. More like a bot or something because that's how you're acting. You can have the last word if you want, engaging with pseudo-people like yourself is nothing but a waste of time.

giving the expression "drawing a line in the sand" a hole new meaning

Reminder that SA has a gdp roughly equivalent to the US state of Pennsylvania. All the oil wealth, the wellfare state it enables, and the fabulous wealth of the royal family overshadow the simple fact they truly have practically nothing else going on.

@isb281m

11 күн бұрын

There is something going on

@alqash6749

11 күн бұрын

you are incredibly ignorant of the saudi economy

@ecnalms851

10 күн бұрын

Also important to remember that oil will always be used, even if demand does decrease over the coming decades. Saudi also has a sovereign wealth fund worth $925 billion. I do agree that Saudi is just a petrostate and most of the work is done by foreign exploited labour, but its important to not underestimate Saudi given the natural resources they have

One has to question the true size of Saudi reserves. ARAMCO releases questionable data at best. The Saudis do have the infrastructure to increase and decrease their production at will like no other country but for how long. Would the changes be happening if the Saud family was not worried about their position?

Remember folks.... The only way to make a ton of money with oil is when a war is going on, so financially, it is not convenient for Saudi Arabia or other OPEC countries to solve conflicts or wars. If a crisis lasts longer and affects the supply lines, it is better for them. Yes, it is not only the US and Russia that profit from war.

@kurtwicklund8901

13 күн бұрын

Forget this folks. It is cartoonish.

@sino_diogenes

13 күн бұрын

Come now, you know that's not true. Certainly, oil producers are incentivized to prefer wartime, but it's not like you can't make a shitload of money from selling oil in peacetime.

@dex6316

13 күн бұрын

@@sino_diogenesthe times when oil was very profitable during peacetimes was during the oil embargoes spiking prices to the moon. If you artificially restrict supply now then other producers will fill the void.

@juice6521

13 күн бұрын

Peacetime is extremely profitable unless you're an arms manufacturer.

@santostv.

13 күн бұрын

That is geopolitics games and not about profit 😂 if oil prices increase the USA citizens will implode like in the 70s and they will blame Biden, in Europe we have higher fuel prices than USA and they still complain about it, if what happened in Europe after the wr, the USA world riot, we didn’t riot , we just complained about it😂

it's crazy how they're spending money on random things when norway is right there to show how it's supposed to be done.

i'm convinced that when someone told the saudis that they will run out of money, their first question was: can't we just buy more?

It will difficult to convince Game Developers in their 20's and 30's who love beer, weed, porn and premarital sex to move a country where all of that is illegal.

@marcusott2973

9 күн бұрын

Oddly enough those passions are shared by the male Saudi middle and upper classes. Ok not weed but tramadol and captagon but you get the picture.

@rami8896

9 күн бұрын

They will either be forced to make changes or accept they flushed away money for nothing.

@maywalker997

8 күн бұрын

@@rami8896 They're trying to make out that the country is culturally modernising but I don't think they're fooling anyone. I had some family out there who lived there for 13+ years but they ended up moving to Australia instead after their daughters came of age because their daughters are blonde, pretty & blue-eyed and not only are such girls pursued very relentlessly by men as trophies, but such men do not handle rejection well either (and rather than subject their daughters to the risk of getting acid chucked in their face Etc by some jilted psycho Saudi oil kid whose ever only been told "Yes" in his life and thinks he can have anyone & anything, my cousins thought it better that their daughters get to enjoy real freedom, gender equality & safety in a wealthy Western country).

@Veylon

7 күн бұрын

They'll look the other way as long as the devs keep it to their compound. They'll even supply them Not I think they're likely to develop anything worth playing working for a government or royal.

Financial ruin will underpin a different political problem as well. That of authoritarian repression. While it hasn't been reported in international media, but many of these projects and reforms came on the back of extremely cruel repression. The land of the line project was inhabited by an old tribe who were forced into eviction and when people protested, they were sentenced to decades in prison. The social reforms of women's rights came as the orignal advocates of the reforms were jailed and tortured. Imams who spoke against the concerts were thrown into jail as well. All of this was done with the hope that it will bring about economic greatness. And when that doesn't come, this entire house of cards comes tumbling down. On a related note, an ever expansive government bureaucracy and it's jobs, even when not needed is a problem with all GCC states. I wonder what happens when the state cannot afford to keep a useless bureaucracy on a payroll problem that can only be exacerbated by AI.

Ultimately underpinning this topic

What comes easy, goes easy

pov, u thought service based economies with managment of McKinsey/BCG and others can work.

"I’m tired of being told that out of “tolerance for other cultures” we must let Saudi Arabia use our oil money to fund mosques and madrassa Islamic schools to preach hate in America, while no American group is allowed to fund a church, synagogue or religious school in Saudi Arabia to teach love and tolerance." - Robert A. Hall 🇺🇲

@user-op8fg3ny3j

13 күн бұрын

Majority of mosques are grassroot funded

@beach2787

13 күн бұрын

Ahhh... from spreading democracy to spreading love and tolerance.

@enceladus4900

13 күн бұрын

well saudi is considered like the vatican, same way u cant build non christian sites in vatican, it goes the same for saudi arabia too, other muslim countries have and do build other religious sites different from islam

@dex6316

13 күн бұрын

@@enceladus4900there’s a difference between the Vatican, a very small section in Rome directly controlled and operated by the church, and an entire nation of Saudi Arabia filled with cities, towns, villages, industries, and secular developments. Saying no non-Islamic sites in actual holy areas is understandable. Saying no non-Islamic sites in the country is intolerant.

@AlAk-bm8dy

13 күн бұрын

Every nation is different , evry society has their own way of life and the way they see the worldI would not want a church or a mosque to be built in my natio. Because i see both of them as expansionist way of life so i dont desire going to a christian or a muslim nation i always say to my people let us industrialise but never take the way of life of those groups and let us fix our own problems.​@dex6316

Thanks

you could do a version of the line that was much shorter, say 10 stories, with nodes around station stops going higher (perhaps at a later date once the concept was proven). the height of the thing doesn’t make sense. I mean the whole thing doesn’t make sense, but IF you were going to do it, the money would go further if you did it at a more modest scale, at least initially.

Saudi could have been the go-to place for Abroad Education and Medical Tourism. They're already a hub for Religious Tourism.

@RipMachine1

13 күн бұрын

Well religion and education dont really go together those days

@TraderZone-xi3oe

13 күн бұрын

Not education and medical tourism

@sharequsman596

13 күн бұрын

​@@RipMachine1historically it has

@helenpauls1496

13 күн бұрын

Thought that too. All the Oil states could do much better and offer international hospitals for training etc. They all go to the Bangkok one with their harem of women, as there are no female Dr’s to treat them in their own countries. Found that out by asking one of the escorts in the elevator and suggested this idea to him.

@adamsaciid4919

13 күн бұрын

​@@TraderZone-xi3oethey

The 45ct/kWh price given for Germany is wrong. For consumers it's 30ct, for industry around 10-15. Still quite high, but no need to exaggerate.

"The Line" mathematically guarantees that you are on average at the maximum possible distance from your destination.

MBS forgot that splurging on a Bugatti is different from splurging on a mega-city

place that is a heaven for taxes and where population is not motivated to work is a perfect recipe for future disaster; not the most motivated and philantropic people living there

Remember when he came to power and we all thought he would be the good Saudi prince, and everyone was excited for his Saudi Vision? Oh, to be so naive once more...

@adamsaciid4919

13 күн бұрын

He still good

@WalnutWarrior7

13 күн бұрын

@@adamsaciid4919 If we ignore all his human-rights violations, him ordering assassinations in foreign countries, all the political blackmail of his allies, and the borderline slave labor in his country where they confiscate the passports and force the workers to live in slums, sure, he is a real angel.

@enceladus4900

13 күн бұрын

@@WalnutWarrior7 westerners should never speak about human rights or freedom ever again, u only know war and killing people and occuping them. but pretend otherwise just like people in ur countries pretend to be a different gender

@bluesclues132

13 күн бұрын

@@WalnutWarrior7 I see a German flag in your profile - I’m not a big fan of MBs myself being a south Asian - but bismark did not build Germany with well intentions and daisy chains - but through political grit and pragmatism. Remember most Muslim states did not exist before the 20th century and it is a new concept for us to swallow … MBs can’t rock the boat too much - what he is doing is momentous and if he succeeds then this point will be compared to German reunification and the Japanese Meiji restoration in their achievement.

@WalnutWarrior7

13 күн бұрын

@@bluesclues132 Someone having been evil once upon a time does not justify someone else being evil today. Stop defending evil.

I am glad you did touch on the social reforms MBS is making in addition to the economic stuff you normally discuss

@user-op8fg3ny3j

13 күн бұрын

Why

The great fall of line😂

Saudi would've done a lot better if it used its infinite money glitch on more normal projects like promoting businesses, investments, promoting real estate, tourism, making factories for stuff like car manufacturing, pharmaceuticals, and others in smaller provinces, etc in already existing huge cities such as Riyadh, Jeddah, Dammam, Medina instead of making THE LINE. Honestly, I used to (and to some extent still like) the Neom project as being this new techy super-urban city, but the Line was outright stupid.

@aliati8377

11 күн бұрын

Thats what the vision is about. The vision actually cares about all these aspects and there developments and contracts signed with many card companies to open industries here

@Abdullahahmed-yp7zn

11 күн бұрын

We actually investing in all of that you said. and we see it every day when going to school \ work in every big city

It's not great to have an economy based on just resources. It never goes well in the long run.

@shauncameron8390

13 күн бұрын

Case(s) in point: Nauru, USSR, Venezuela, the Spanish Empire, etc.

7:30 Thats quite the step..

The line compared to the original line looks like a dash. They should just call it 1% Line

"ruling" a country with billions from selling oil, doesnt automatically make the country an economic powerhouse? who could have guessed?!

Apparently, building a futuristic miles long horizontal skyscraper apparently cost a lot of money.

Hey TLDR ! I would love to see a video on Bahria Town, and DHA in Pakistan. These are private cities, in the country which further the wealth divide in country, which already has a huge wealth divide. I think it would be really interesting to know the exact numbers, as well as the environmental cost of these new dystopian private cities.

the image used at 0:50 is of dubai, uae not saudi arabia

Literally all they needed to do was put aside some of their wealth in diversified investments and the country could've floated along on the revenues forever even after oil. But no, they had to waste it on ridiculous nonsense.

@alphauno6614

13 күн бұрын

"diversified investments" Okay so they should buy stocks in their ample sand company?

@ehudshapira2745

13 күн бұрын

@@alphauno6614 Not sure quite what you're on about, but you can look at Norway as an example.

@GrammarNaziAUS

13 күн бұрын

​@@ehudshapira2745Norway's sovereign weath fund only amounts to about $300k per person. That's nowhere near enough to sustain an entire country/population. And they've had decades to build that one up. You need an actual, real economy that can self-sustain. Something like Norway's SWF can only act as a supplement, which is what Norway does. It uses it to supplement its pension, so that it isn't as much of a burden on the state. But if the Norwegian economy collapsed, that SWF wouldn't be enough to sustain the people.

@santostv.

13 күн бұрын

You can’t live on oil you can only subsidize your lifestyle on it, you need industry and from a country with 50% of the population been migrants I doubt there’s a lot of jobs that pay what Saudis employees are usually paid

In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments.

@berniceburgos-

11 күн бұрын

The pathway to substantial returns doesn't solely rely on stocks with significant movements. Instead, it revolves around effectively managing risk relative to reward. By appropriately sizing your positions and capitalizing on your advantage repeatedly, you can progressively work towards achieving your financial goals. This principle applies across various investment approaches, whether it be long-term investing or day trading.

@tatianastarcic

11 күн бұрын

It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.

@Michaelparker12

11 күн бұрын

Please can you leave the info of your investment advisor here? I’m in dire need for one

@tatianastarcic

11 күн бұрын

Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Melissa Terri Swayne for the last five years or so, and her returns have been pretty much amazing.

@BridgetMiller-

11 күн бұрын

I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.

Correction: Saudiarabia hasn't bought Activision Blizzard. Microsoft bought them in 2023

I mean, is it impossible to get a group of Saudis who are competent on the issue instead of hosting every single thing ever?

Saudi Arabia doesn't have any economic crisis, They have too much money.

@orboakin8074

13 күн бұрын

Not for long and they know this😂😂 Not to mention, they have no manufacturing. Use mostly foreign slave labor, have very low taxation, barely involve their population in the economic sectors (besides "working" for the government) They do have a lot of money and a lot of socioeconomic problems😂

@Pmooli

13 күн бұрын

​@@orboakin8074then you should then be able to understand what the war in sudan, Ethiopia and sahel is all about. They are being advised by US military consultants whom they pay billions... to take over Africa after the oil boom is over. There is a defacto scramble for Africa... First is gold then agricultural land.

@hunga28

13 күн бұрын

That's not the video is saying...

@TheBooban

13 күн бұрын

@@orboakin8074they are completely invested in the stock market. It’s unimaginable that can’t pay for every Saudis retirement from birth for forever. They don’t even work as it is now. They do literally nothing when employed. Their money will never run out. Maybe they just can’t be as wasteful.

@orboakin8074

13 күн бұрын

@@Pmooli friend, I am African (Nigerian) and I can honestly say your explanation is very simplified and not exactly a well founded one. There is some truth in what you assert but not all of it.

I am curious how much oil is actually left in their ground. They are very secret about it, unlike other oil countries. Also, their behaviour makes me think they don't have as much left as they would like us to believe. I could be wrong, but something isn't adding up.

@kuchikopi4631

11 күн бұрын

Don't they also have a lot of gas as well.

The clip at 00:50 is of dubai marina in the UAE not KSA.. :/

The line is upgaraded to rectangle unsuccesfully.

Its worse here, our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.

@Grace.milburn

9 күн бұрын

People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.

@mikegarvey17

9 күн бұрын

Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.

@mariaguerrero08

9 күн бұрын

In fact, I had no prior experience or understanding when I began investing in 2020, but by the end of 2023, I had made a profit of almost $850k. All I had been doing was going by what my financial advisor had told me. This demonstrates that all you truly need is a professional to assist you; you don't even need to be a great investor or put in a lot of work.

@ThomasChai05

9 күн бұрын

@@mariaguerrero08who is your advisor please, if you don't mind me asking?

@mariaguerrero08

9 күн бұрын

"Gertrude Margaret Quinto" is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment

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".

@S0ulinth3machin3

8 күн бұрын

it's to be expected. They aren't educated, therefore, it's not possible for them to know any better. They believe the government propaganda. All governments tell stories favorable to themselves. I agree, their ignorance will come back to bite them with a vengeance.

@flaror3496

8 күн бұрын

Egyptian. This is not a saudi problem, these kind of responses always happen with those that defend their leaders, its the same case with those that support sisi, anyone against him is just an ikhwani and a traitor to the nation and jealous of their development. The new capital is just another "The Line"

@S0ulinth3machin3

7 күн бұрын

@@user-gc6wd7dm4w wow. That's all I gotta say.

@flaror3496

7 күн бұрын

@@user-gc6wd7dm4w with what was that built? Saudi experience? Their expertise or education and knowledge? Or slave labor and skilled workers from the west?

@VELBLE

5 күн бұрын

liar 😂

7:12 “Saudi Ooh Llama” 😂 what is this pronunciation

2:50: Venezuela learned that the hard way.

I know I'm not suppose to post about Cryptocurrency here please pardon my manners. My question is, What's the best way to make money from crypto trading? I really need help from investors and traders.

@FavourJerry-zb8zj

9 күн бұрын

When investing it's of the utmost importance to diversify your money. This is a good way to invest

@Billrandall__

9 күн бұрын

The number one skillset that an investor need to have is extreme patience and invest with a professional broker to guide you!

@helenmike4763

9 күн бұрын

Buy low and sell high, also ensure you invest with a professional who has a unique skill in manipulating the market for profit gain. GOODLUCK!!!

@kendrawolford2678

9 күн бұрын

I have one question, everytime I buy low and sell high I should be making more money right? But my wallet becomes less and less, why is this?

@destinydestiny3979

9 күн бұрын

Me too I'm a beginner. I don't understand indicators that are used. Any guide or advice you wanna give me?? How to read indicators properly??

The collapse of the Arab states in the Middle East due to the world's decreasing dependence on oil was to be expected, but it is still so much more beautiful to experience.

@harlowida

13 күн бұрын

You seem mentally disturbed. Get help

@harlowida

13 күн бұрын

Why beautiful? You seem mentaly disturbed. Get help

@somebody2627

13 күн бұрын

What makes it beautiful?

@Sarmad-bl2vf

13 күн бұрын

Celebrating the collapse of nations and the suffering of their people is not just insensitive, it's deeply inhumane. Even as we diversify energy sources, oil remains essential for global industries, transportation, and countless products like plastics and medicines. Many economies will continue to rely heavily on oil for at least the next few decades, highlighting its ongoing importance.

@Sarmad-bl2vf

13 күн бұрын

I would say Saudi is collapsing because of unintelligent decisions.

It’s not too late for them to back out.No serious person will mock it.The world has changed since its inception it should realise that priorities change.Inprove existing cities and build your heritage into them.

Saudi Arabia cannot raise production of oil, they dont have that much oil reserves left.

Ok so: 1:33 the Saudi government oil revenue accounted for 62.2% of total revenue, with oil revenue down 12% yoy with a 2022 average of 10.6 Mbpd and a 2023 average of 9.6 Mbpd (a 9.4% decline in oil volumes production). Further, non-oil government government revenue rose 11%, from 410.9 to 457.7 billion riyals. 1:44 regarding private sector the number of Saudis working in the private sector has increased to 2.3 million, with the latest monthly data I could find being that 28.1k Saudis joined the private sector in March 2024, 18.1k in April. In total size, the private sector has grown from 10.8 million in Nov 2023 to 11.2 million by April 2024 (not a sign of a bad economy). The percentage of Saudis working in the public sector is 51.1%, not 66.6%. 1:51 "Well below market price" is a massive overstatement. The Saudis capped the internal cost of crude oil (and they do something else for nat gas but I'm not sure how that works) but for crude oil they capped it at $70 per barrel, with a production cost of under $10 per barrel, estimated at about $3-$7 per barrel. This cost of crude for internal use has been increased by Aramco since then, with cement and petrochemical companies being affected, I couldn't find the updated figure for this. 3:51 countries leave OPEC and rejoin, Angola, Ecuador, Indonesia, and Qatar have all left at one point, but they are either small producers or are net importers. 4:37 they didn't reduce the total size of the line, they simply changed the targeted population by 2030, the full length is still 170km. 4:55 the ministry of energy directed Aramco to put the plans on hold, that's because Aramco's spare capacity stands at 3 Mbpd, which is equivalent to the Canadian oil sands nearly. Aramco can still undergo the process of increasing capacity by 1Mbpd within ~4 years if asked to do so by the government. 5:18 the MoF has announced 2% yearly deficits as a share of GDP until 2026, with overall economic growth expected to be well above this, with 2024 expected at ~3%, and average to 2026 at ~4-5%, which is hard to predict and the ranges provided by the MoF on yearly deficits vary based on low to high income scenarios based on volatility in oil markets, but their deficits are a) very low as a share of GDP, b) sustainable and c) given their low base is completely affordable. When you stated non-oil economic growth, keep in mind interest rates have risen from ultra low 0.25% to nearly 6% in the kingdom, in line with Fed increases. These take 12 to 18 months to go through the economy, as such a slowdown in growth is to be expected. 6:37 ok no, not at all. The last time Saudi Arabia increased production to maximum levels, global prices fell by 30% in one day, so no it would not "comfortably offset decline in prices". The market needs to be balanced in the long term, and simply flooding the market would harm KSA far more than it would help. As a note on global oil demand, it is nearly impossible to predict the fortunes of Saudi Arabia, whether good or bad, today. That is because the largest issue they have faced in the past 15 years has been US shale, however the total size of US oil reserves stands equal to that of Algeria, yet the US produces 10x more, and the largest US field, the Permian, is the same size as Prudhoe Bay, which itself peaked at about 1.8 Mbpd, so it's hard to see how the Permiam (which pumps at 7 Mbpd) can possibly keep up this pace. A decline in Permian, and by extension US, oil production, would have dramatic effects on the oil markets. Another note needs to be taken that KSA has handled and come out of the covid pandemic extremely well, with the handling of the health and economic situations being extremely competent. Overall the Saudi economy, with a strong jobs creation, low debt levels across households, government, and non-financial businesses, low unemployment, and strong SME performance is in a good shape. The dual factors from rapidly rising interest rates in 2022 to mid 2023 and the cutbacks in oil productions are having an effect on the private sector and the public sector, but both are being handled very well, and the Saudi economy is still in a strong position to deal with future challenges and grow reasonably well. And I haven't even mentioned all the parts of Vision of 2030 that are either on progress, are outperforming, or have already met their 2030 goals. Things such as female participation (which plays into job creation and SMEs) has hit its target 7-8 years ahead of target. Tourism numbers are outperforming, non-oil government revenue are relatively on track, and many other aspects are as well.

@raybod1775

13 күн бұрын

Liked your comment except about U.S. oil. Horizontal drilling plus fracking has actually doubled the amount of potentially recoverable oil. The U.S. has used about about a third of the oil in the ground, which means U.S could produce an amount of oil equal to all oil its produced in the past. It’s all a matter of price.

@trymex1694

13 күн бұрын

@@raybod1775 While it's true that fracking has resulted in increased potential resources, it's equally true that all the tight oil fields outside the Permian have peaked, with Eagle Ford peaking in 2015, Bakken in 2012, and Niobrara having peaked in 2019, so this indicates that virtually all the growth can come from one field: the Permian. The Permian basin has seen rather consistent decline in legacy oil production, and only new wells are able to compensate, but the improvement in new well performance has only been able to marginally increase recent production volumes, with the Permian being effectively flat for the first time ever this past few months, largely due to less drilling activity, but also a decline from the peaks of new well production. If it takes prices of USD80 per barrel for oil producers to reduce the number of oil rigs in the field and begin tapping their DUC inventory, that really speaks to the quality of the wells they are drilling and the costs they incur just to maintain profitability.

@trymex1694

13 күн бұрын

@@raybod1775 Even taking into account the additional reserves that can be economically exploited with fracking, it's also the case that most US tight oil fields have already peaked, such as Bakken, Eagle Ford, and Niobrara. The Permian is the only tight oil field that hasn't peaked, yet, but it will. Its legacy wells decline very rapidly, their output has been on a steady and consistent decline for many years now. New oil wells have seen a more recent resurgence, but that is only barely able to make up for lost production of legacy wells. When WTI hit $80, most US frackers started pulling back on drilling and are still doing so, even with current prices around the $80 mark, which speaks volume to the kind of costs they incur to maintain production, much less grow it. The Permian's total estimated recoverable reserves are still estimated to be the same as Prudroe, but Permian production is much higher. Unless oil is continuously discovered, then US oil production will peak and will decline, and sooner rather than later given available data on total reserves of fields like Permian.

@Ls-ex4mw

13 күн бұрын

Good answers. Can you help me to understand why media be happy when talk about norway economy even most of their export is crude oil. What makes norway economy has brighter future than saudi economy?

@trymex1694

13 күн бұрын

@@Ls-ex4mw I am not an expert on Norway's economy but in general, media perception tends to be longstanding and highly superficial ie. not looking at the whole picture of things and choosing to fixate on certain topics. For Norway, I think that it's mostly centered around their SWF that has become the world's largest, which I think gives this kind of "penis envy" that many economists have. I believe that this view is superficial because it's important to note that while an SWF could act as a safety buffer, it cannot deal with an uncompromising demise in certain industries, such as oil and gas, at least not at current scale.

If you visit saudi, you'll understand the reason behind the problem. Saudi citizens are given guaranteed jobs regardless of their qualifications and experience. They barely work for 2-3 hours in the office, keep scrolling phones, and just wait for late evening to enjoy till 2-4am. Expats work 10 times harder than them on the same job and get paid half of what a saudi citizen will get. Very few of them are properly skilled. Still, the majority of the population doesn't speak or understand English. They've huge colleges and universities with a size of a small city, but the quality of education is very low. In the last few years, MBS tried hard to change, but the pace is still concerning.

@alqash6749

11 күн бұрын

they are not given guaranteed jobs, neither do they work 3-2 hours per day, you are ignorant and want to pretend that you know everything about saudia but you have in truth never even been there

Everyone told them that this would not be financially viable. That The Line is impossible and it is a HUGE WASTE OF MONEY. This is the reason why Democracy will ALWAYS BE SUPERIOR because the people can at least demand to stop these vanity projects!

Spending billions on huge mega projects which wont work and and pissing mony on unprofitble isn't working instead of investing in underlaying weaknesses

This is TLDR’s “Here’s why Russia won’t invade Ukraine” moment , the night before Russia invaded Ukraine. It has a lot pandering to the negative emotions of their mob viewers , who flooded this channel with vitriol the last time TLDR dared mention some facts about Saudi that happened to be positive,,which triggered the mobs. So TLDR is resorting to fallacies to present facts in a more palatable way to the mobs. For example, you can’t compare the attendance numbers of the Saudi league to other much more populated European countries it has to be compared with a country of similar population size like Poland. The average attendance in the Polish league, which is much older and more established than the new Saudi league is 12,000 and Poland population is slightly higher than Saudi ‘s. Taking that into consideration, Saudi’s 8.5 thousand average attendance that is increasing year by year isn’t that far behind and is catching up. As for the line being reduced, it was never reduced. The original commitment in the contracts was for phase 1, which is the 1.5 km +3 or four other structures that would house 400,000 people by 2030. It was never in the contract that they’ll finish the whole project with all of its phases by 2030 ,that was announced in 2019 as a possibility, but not as a legally binding commitment ,in fact it was already announced in 2022 that they be sticking to the contract commitment only but the hit pieces only picked up on that this year for some reason in a very consorted effort. I could go on about the other fallacies but I think they’re doing this for the mob viewership which I understand. It’s just business.

@user-tc7qb7st2d

13 күн бұрын

Is it not time to run off and pray?? Lol

@user-op8fg3ny3j

13 күн бұрын

​@@user-tc7qb7st2dwhat?

@laythsoliman6809

13 күн бұрын

@@user-tc7qb7st2d *yawn*

@laythsoliman6809

13 күн бұрын

@@user-tc7qb7st2d🥱, your emotionality won’t change facts on the ground.

@santostv.

13 күн бұрын

População of Poland is 36m meanwhile kza native population is 18m, you didn’t even talk about international tv rights, also I doubt besides tax evaders and ig models they have failed to increase tourism. I think they exaggerate but is still a problem, oil demand will not disappear but lower demand and increase competition will reduce revenue and maybe profits, they need diversification and know it but they don’t know why so they are trying to copy European with sports and usa with entertainment

Everyone is roasting the Saudis in the comments and I totally get it. But……if this guy were to lose power it would be a tragedy. He seems to be doing more to bring his country, and the Middle East in general, into the future, at least in terms of human rights.

@martin4819

10 күн бұрын

I agree, MBS basically stripped power away from the clerics (who hold a a lot of sway). MBS might have some really bad ideas but these clerics offer the average Saudi citizen nothing more than prayers and suicide belts.

Electricity in Germany is not 45 ct/kWh! You also have to be careful since househould, indistry and retail have different tariffs …

That’s great news!

I went to saudi for work for the first time in 12 years last month, and it was quite jarring to see so many women working in Riyadh. This was a country where you could never see a woman going anywhere without a chaperone to then see them working, and driving around is quite surprising to me. It shows the power that MBS wielded that even the whabbists succumb to his demands.

@Chrissy717

13 күн бұрын

I honestly can't tell whether or not you think women shouldn't work, but if that is the case... I'm wondering where you have been in the last 12 years.

@ilovelimpfries

13 күн бұрын

@Chrissy717 i used to commute to saudi once a month for years in the late naughties monitoring their water desalination plants. Working women is normal from our part of the world, and not seeing them anywhere when i first arrived there was quite alien, but after a while i got used to it. When i arrived in saudi last month, that part of my brain clicked back in, and I was ready not to see women anywhere alone. But when i first landed and saw them at the immigration checkpoint, stamping passports, i never thought i would see the day that someone could force the hardline clerics to change their ways.

@zaurukraus9296

13 күн бұрын

He is indeed trying to reform the country and provide human right, but even he is under pressure from the religious nuts. Recently his government jailed a female human right activist for posting pics wearing gym clothes which they deemed "inappropriate". So, still miles to go.

@user-op8fg3ny3j

13 күн бұрын

​@@ilovelimpfries mbs is worse than a wahabi, he's a madkhali

@Abuda7amHD

13 күн бұрын

I support womens rights, but I think pushing women into the workforce like that is done with capitalistic intentions to intensify competition and drive wages down to serve the interests of capitalists rather than to promote "equality". I think genuine support for women's rights is emancipating them from the grips of capitalism, granting them opportunities to pursue more education and self-exploration, and granting them more equal legal rights and more government program support.

Vision 2030? Well, it is only 2024 after all. Just sayin'.

SA investment do a lot of changes in the last 3 years, As Saudi citizen, I see my country economy far different from the old one, our people got jobs, engineers who have no jobs, got their now.. everything has changed.. MBS is great leader, but to make huge difference in 10 years isn’t that easy.. we will learn, and move on.. In Riyadh a lot of new Saudi companies introduced, they invested in weapons factories, Electronics and others manufacturing companies.. which will make huge different in the coming few years.. just watch, and you the results

Also hydroponic solar and Better Futuristic housing designs. Like the line.

As a Saudi citizen, I found this video to contain a lot of misleading\inaccurate information, so let me respond if I may: 1- (minute 0:44), you are exaggerating the deficit, in numbers the budget deficit last year was only $21 billion which makes the deficit-to-GDP ratio only 2.0%, for comparison, this is lower than the average EU deficit-to-GDP which was 3.5% last year. Also Saudi Arabia has the lowest debt-to-GDP ratio among the G20 counters. This means that this very low deficit could be easily financed easily through loans. 2- (minute 1:31), last year, oil exports constituted 77% of all exports not 90%, and oil revenues constituted 62% of all state revenues and not 80%. 3- (minute 1:42), this is inaccurate, the number of Saudis working for the private sector is 2.34 million by the end of 2023, and the number of Saudis working for the government is around 1.5 million, so saying that every 2:3 Saudis are employed by the state in inaccurate. 4- (minute 3:58), this is a superficial simplification of the Saudi investments, Saudi Arabia different sovereign funds are now worth more than a trillion USD, whereas the investment in the Saudi football league was only around $957 million which makes it less than 0.1% of the size of the sovereign funds. So saying that the Saudi investments are unsuccessful and then mentioning the matches attendance as an example was ridiculous and actually laughable. 5- (minute 4:48), Saudi Arabia's crude oil production is now around 9 million barrel a day, whereas the maximum production capacity is 12 million barrels a day, so there is literally no logic behind investing tens of billion to increasing the capacity to 13 million when we don't currently reach our maximum production capacity. Also it does not make sense to say we are moving away from oil and then investing in increasing oil production capacity. This is why we halted our plans to increase production capacity. 6-(minute 5:20), the non-oil GDP growth was high during the last few years. You really can't really say otherwise just by looking at the results at the end of only one quarter. 7- (minute 5:40), foreign direct investment (FDI) increased last year by 12%. Saying "dried up" is inaccurate. 8- (minute 5:45), No country, company or individual, invest a lot and in the same time avoid borrowing. Saying that you borrowed is not indicative of the financial status. Also again, Saudi Arabia has the lowest debt-to-GDP ratio among the G20 countries, so borrowing for Saudi Arabia is still low given the size of its economy. 9- (minute 5:48), the foreign reserve is stable since the pandemic (your graph actually shows this). The significant fall in the foreign reserve started in 2014 which was before even MBS came to power, and it was due to fall in oil prices and at that time we did not have vision 2030, but after MBS became the crown prince in 2017, the foreign reserve started to increase until the pandemic, and even during the pandemic the decrease was not significant (as your graph shows). Now the foreign reserve is stable. 10- (minute 7:50), there is no opposition from the Ulama, the opposition came from people affiliated with islamists parties like the muslims brotherhood which is listed as a terrorist organization is Saudi Arabia anyways, but the traditional Saudi religious institutions are with the government in its social reforms which now succeeded in different fronts, including for example doubling the wormen participation rate in the workforce and achieving the 2030 goal in 2021.

Hey kids, debt to GDP ratio is the single most useless measure of all time, since GDP bears absolutely no relationship to a nation's ability to meet outstanding treasury obligations; the money for treasuries comes from the same place as fiscal expenditure: thin air. Wise up

@santostv.

13 күн бұрын

Tell that to the holders of a country debt😂

@BOZ_11

13 күн бұрын

@@santostv. They're overwhelmingly and acutely aware, kiddo. The only people who don't know are economists and average Joe

I think if the Saudis could see how little coverage their football league gets in Europe, they'd be absolutely horrified. When Ronaldo went there we basically never heard about him again. Same with Steven Gerrard.

Even if the world stops importing fossil fuels, can't Saudi Arabia just pivot to chemical production using their cheap energy?

@Ls-ex4mw

13 күн бұрын

It will not happend soon. Maybe after 60 years. Why? Becuase we still depend in coal and renewable energy has a difficult issue with sistnablity.

@_jpg

13 күн бұрын

They would have to build up the necessary infrastructure and also educate their workers accordingly. You can't just stomp a whole industry out of the ground (or a whole city)