Why The Gulf States Need To Keep Building Big Dumb Mega Projects | Economics Explained

Take advantage of this special offer you can only get on my channel. To start your 7-day trial today go to Saudi Arabia, Qatar, the UAE and other oil rich Middle Eastern states have announced plans to collectively invest trillions of dollars in new megaprojects, the most extreme of which is Saudi Arabia’s $1 trillion 170km skyscraper called The Line. Why are these countries spending so much on mega projects and does it make any economic sense? 0:00 - 2:33 Intro 2:34 - 3:23 Trends 3:24 - 6:06 Dutch disease 6:07 - 10:25 Rybezynski’s theorem 10:26 - 11:49 Dependence on oil 11:50 - 12:48 Norway example 12:49 - 13:50 Sovereign wealth funds 13:51 - 16:10 Mega projects 16:11 - 17:19 Tourism 17:20 Attracting businesses ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ Enjoyed the video?