Advertisement

Has The Gulf's Mega Finance Experiment Now Failed?



Secure your privacy with Surfshark! Enter coupon code ECONOMICS for 4 months EXTRA at

Exploring the incredible transformation of the Persian Gulf from a collection of small fishing villages to the global epicenter of oil-fueled opulence. Cities like Dubai, Abu Dhabi, and Riyadh have risen from the sands with grand visions of becoming world-class business and tourist destinations. But is this meteoric rise sustainable, or just a facade built on dwindling oil reserves? We delve into the ambitious projects, the looming challenges, and the critical question of what happens when the oil runs out. Will these cities thrive in a post-oil world, or are they destined to become relics of a forgotten boom?

This video was made possible by our Patreon community! ❤️
See new videos early, participate in exclusive Q&As, and more!
➡️

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
Check out our other channels ▶️
Epic Economics @EconomicsIsEpic
Context Matters @Context.Matters

And our Language Channels →
WirtschaftsWissen (GER) –
L’Économie Expliquée (FRE) –
Economia Explicada (POR) –
Economía Explicada (SPA) –
اقتصاد العالم (AR) –
経済会話 (JP) –

✉️ Business Enquiries → [email protected]

🎧 Listen to EE on Spotify! 👉
Also on Apple Podcasts or anywhere else you listen!

#EconomicsExplained #Surfshark #PersianGulf

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀

ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏
Support EE by becoming a Patron today! 👉

👑 ROYALTY CLASS 👑
Juan Benet

UPPER CLASS
Valkmit, Randall, Charles Youngs, Jeromy Johnson

UPPER MIDDLE CLASS
Jenni himelic, Tarun B, Ernest Hua, Michael Wakim, Pineapples&bricks, Robert Abraham, Peter Wesselius, Michael Ling, Frank Soltero, Jay Eno, Grégoire Duchéne, Sophie G, Brett Jubinville, Anthony Roberts, Nathan Ngumi, JKH, Post Apocalyptic In Missouri, Laor Glukhovsky, Forodon, Paul Ashworth, Wendover Productions, Andrew Harrison, Shane Wailes, Igor Bazarny

MIDDLE CLASS
Julian Gilyadov, Eric, Larry Brown, Rudy Salazar, Bill Calkins, Per von Zweigbergk, Malleus Flavus, Backartoffel, Andy Giesen, Christopher Kastensn, Aryan, William Sherlock, Gerhardus, URtheOneNemo, Chris, Brian, Vladimir Zotov, Seth, Jason, Jamie Costello, Leah Klearman, PsOFa, Abel, Randall Sylvia, Eric Slimko, Empyre18, Kieran VR, Thomas Davenport, Kim Brand, Ted Marcy, Joe Ryan, Wees Kendall, Shane Guthrie, Karan Mehta, ToGER, Randy Cleary, Arjan, Liubov Zvereva, Michael D. Hall, Long Phan, Craig Mews, Kent Klatchuk, Roman~1, Wesley Fite, David Mcllveen, Anthony, Daniel Alberto VAjzqu, Kamil Sicinski, Dodd Willingham, Leo Vassershteyn, Michael KAYarbis, Hugh Harris, David W., DarH, will, Kheng Lai Tan, David Taylor, Scott Greenwood, Jane Walerud, Zachary Demko, Michael Wolff, Siegfried Eggt, PM, michael, Franklin, Trevor, Marcel Roquette, Daniel Hall, Connor Costello, Kevin Macintyre, Travis Thompson, Matthew Eggleston, Kenneth Lum, Zachary Kasow, Reuben Field, Nigel Pauli, Jacob, ABS, Matt McKee, Victor T., John c, Rimvydas, John Downie, Donald Wedington, Demo sthenes, Ed

The Economic Explained team uses Statista for conducting our research. Check out their YouTube channel:

source

28 comments
@JonFrumTheFirst

For all their foolishness, the one thing they shouldn't do is fall into the 'sustainability' trap. The people who use that buzzword want to destroy the modern industrial civilization. It's a passing phase – when it comes down to it, when the people are confronted with the iron logic of modern sustainability theory, they'll rise up and put heads on poles. And no, the supply of oil doesn't have to be infinite for it to be 'sustainable' for the forseeable future. Remember 'peak oil?' How long have ;you heard anyone talk about it? We were supposed to be past the peak already – 'experts' said so. The anti-human pessimists are always wrong. And will be.

@ThompsonUpton-k7l

Jackson Christopher Rodriguez Kenneth Harris Scott

@Boomereng-cb34

It’s a desert, there is no water, or any other natural resource except sand and heat. There is nothing else to attract people to live there and the environment is too hostile to develop a broad range of industries or similar economies in the US or Europe

With climate change projected to make the Middle East even hotter it will become harder and more expensive to sustain cities and habitats currently in the ME. There is no foreseeable future as an ‘advanced economy’ for the Arabs countries.

@danielnelson1247

Dubai has run out of oil long ago and is a thriving economy mainly through tourism. Dubai has survived And will survive. Your info is ill informed

@strictlyaesthetic9202

What Dubai did you visit due too there is NOTHING tacky about Dubai. By falsely tearing another country down does not make your nation better. ENOUGH

@davidconsumerofmath

The Gulf Petroleum States should simply look to Israel as a top notch example to follow, as Israel is a Middle Eastern nation but it didn't have the benefits of natural resources. A hundred years ago it was a mostly barren and inhospitable place, even agriculture was a tough game to do.

Yet today? It's a high tech economy, with a high GDP, and even its agriculture is thriving!

@serendipity1999

No matter how developed the cities are, a person cannot live in a place where there is no greenery. At least, I cannot. Living with an air conditioner all year round must be terrible. Even in the summer, I try not to use an air conditioner.

@donchaput8278

I think the ace card they have held back is allowing alcohol. Supposedly in 2030 they are changing the laws. That will allow them to finally attract the tourism they want.