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!
Who knows perhaps focusing on vanity megaprojects to attract the rich is bonkers compared to trying to develop infrastructure to support your own people.
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.
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
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.
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
That country has the years counted. When the oil will dry it will be done and they only tourist that is going to receive are the brave people who love abandoned places. Might be in 50 years, might be 100, but it just a matter of time
The problem is doing something too fast too quickly. Realistically doing something slowly and adapting those changes where needed is probably the better choice.
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.
should the investment company the state owned have been focused on building generational wealth rather than acting as a wallet for the family this should've never been an issue because earning $100 billion each year is more than enough to make their economy to be less dependent on oil
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.
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
@@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.
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.
@@deepaksayee3414 As a person in Saudi, I agree with him. Places in Saudi will be ahead MOST European countries. Riyadh/Jeddah will be better to live in than London or Paris, I can assure you.
@@deepaksayee3414 not really. Get that stereotype that only Europeans can be rich out of your head. Just accept that saudi arabia is a highly developed country with a high standard of living
I was about to say "oh, they must have fixed the editing flub that cut off a statistic," but that's actually in their video on possible ways for Labour to raise tax, also released this morning. So I have no idea.
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?
Its what god tells us to do. Besides what are these "rights" that have been suppressed? Almost all womenn in muslim countries prefer their right over those provided in the west seeing them as indecent. Its our society and our culture you dont get to decide whats allowed and whats not
@@KomodoSoupit appears that the data is indeed outdated. While both research groups from the West (which include arab researchers) and think tanks like the Gulf Labor Markets and Migration (GLMM) generally support that around 60-70% of Saudi Nationals were employed in the public sector, that number has supposedly declined to 52.1% in Q2 of 2023. Still a lot of work to do, but definitely significant improvement.
@@crocodileguy4319it is true that I can’t name anything from my end, but TLDR researched it. They are providing some arguments and statistics that doesn’t make sense I love TLDR but wanted a more fair essay instead of this insanely depressing one 😔
I would be willing to offer my help if they help me out with some projects. I am sure that big governmental organisation keep the lines of communications open problems will be solved. What's the Saudis view on the "Christian Taliban in the United States" by the way.
That's the problem with you guys. You take an economic and leadership criticism, to a criticism to your religion. Makes you sound so insecure and childish about your faith that it is laughable at that point, only if it wasn't so sad.
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!
Has been happening way too often with the typos recently, you gotta proof-watch some more!
@@phalanx9005true, but good on them for pinning it.
Who knows perhaps focusing on vanity megaprojects to attract the rich is bonkers compared to trying to develop infrastructure to support your own people.
It’s the movie blank check in real life. Like children holding money for the first time.
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.
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
do u even live here ?????
Bingo
MFW pointless dystopian megaprojects don't generate long-term economic growth
Who knew!
😱
Here i was thinking the last video got kashoggi'd
You've slightly underexposed the studio footage
you reuploaded but forgot to fix the ad read, it still flashes "depending on the video" at 7:07
we care about understanding the world around us depending on the video lol
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.
Mining where tho? Where the mines at its just a latge desert
In contrast to Saudi Arabia, Norway was already very rich before the oil sector grew massive
You got any non-dimmed lights in the studio ?
Yep. Plase make it more bright. It's difficult to watch
I guess she doesn't like how she looks so the lights are kept down
Maybe stop paying washed footballers $800k per week?
Thats pocket change tho
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.
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
@@fatdoraemon2069 megaprojects are not bad on their own, starting but failing to finish so many megaprojects is bad though and a total waste
Also it needs to be noted that some projects or investments were reallocated towards ones related to the Expo and World Cup
A Line of decline the size of a city 😂
I’m sorry, but the line building project was stupid
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
Spending all that money on Ronaldo isn’t working?
750 million in 10 years .... Naa u could make a own pharmacy with that money oiii
Please adjust your studio recording brightness.
That country has the years counted. When the oil will dry it will be done and they only tourist that is going to receive are the brave people who love abandoned places. Might be in 50 years, might be 100, but it just a matter of time
Reupload?
Canada on the highest spending wealth funds twice.
Lol, there has not been a single Saudi I met that wasn’t dreaming about a government job without actual work.
The problem is doing something too fast too quickly. Realistically doing something slowly and adapting those changes where needed is probably the better choice.
Diversifying the economy like establishing companies that contribute to the GDP would be a idea other than relying upon oil only.
Have they turned the lights off at TLDR ? It's always so dark recently.
he wants rich who wil escape the moment they find the opportunity.
it is always a fail idea
Based on the stock footage, they can rule out the fashion industry... 😂
The Saudi break even price of $112 per barrel doesn't really mean anything without stating the production volume it is calculated with...
*btw of you criticize this project on X and you’re a Saudi citizen, you’ll go to jail*
Attempt 2:
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.
should the investment company the state owned have been focused on building generational wealth rather than acting as a wallet for the family this should've never been an issue because earning $100 billion each year is more than enough to make their economy to be less dependent on oil
Good
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.
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
Tell us about UK Economy deficit&debt??
Saudi Arabia is a country of 30mn + people ,it's embarrassing to see them behave like a small countries and city states
you should reupload for a second time and sloppify the title, make it "The Saudi Arabia situation is just sad" or something
why the dimmed light tho? ;))
Saudis should invest in building more infrastructure something that will stand the test of time after the oil runs out
Not that simple tbh
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.
@@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.
Saudi Arabia as a country is doomed and will certainly not be a first world country after oil.
A much deserved, desired and overdue return to the reflection of their true human capital: poverty. Sensational.
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.
Looks a bit dark in the studio?
Cost of living crisis
Electricity prices in the UK
They moved to Cuba. 😂
as a gay guy, i can't say i'm very sympathetic
Does that have anything to do with your sexuality?
Less pray to Allah, more work, before black gold revenue fade away.
Still the way things are going Saudi Arabia will be a far better country to live in by 2030 than most European countries
Nope. Absolutely not unless ur part of the royal family
@@deepaksayee3414 Look at how safe and clean Saudi Arabia is. No woke nonsense in schools. Compare that to hellholes in France or Britain.
@@deepaksayee3414 As a person in Saudi, I agree with him. Places in Saudi will be ahead MOST European countries. Riyadh/Jeddah will be better to live in than London or Paris, I can assure you.
@@deepaksayee3414 not really. Get that stereotype that only Europeans can be rich out of your head. Just accept that saudi arabia is a highly developed country with a high standard of living
Oh no, not the feckless faith fanatics.
Take 2
Ok
Sell the sand
😂😂😂
Some gulf countries actually import quartz sand for beaches because the normal desert sand is not optimal
Did the Saudi government object to the first vid?
I was about to say "oh, they must have fixed the editing flub that cut off a statistic," but that's actually in their video on possible ways for Labour to raise tax, also released this morning. So I have no idea.
Saudi >>>> India
did aramco report the first video ?
Yay
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?
Making peace with Israel would improve their economy substantially.
Whats going on with the lighting TLDR???? Do better please😂
Commenting 4 algorithm
Whats with Islam and not allowing rights to their women?? Never understood this
Its what god tells us to do. Besides what are these "rights" that have been suppressed? Almost all womenn in muslim countries prefer their right over those provided in the west seeing them as indecent. Its our society and our culture you dont get to decide whats allowed and whats not
This chick talks exactly like that other gay couple who hosts the show how did she manage that?
This video feels more like a click bait to me
The information in it is extremely outdated and not covering the bright side at all
If anyone from Saudi could confirm to me that 2 out of 3 Saudi people are actually employed by the government 😂
That sounds far fetch to me
@@KomodoSoupthere isn't a bright side to this regarded country
@@KomodoSoupit appears that the data is indeed outdated. While both research groups from the West (which include arab researchers) and think tanks like the Gulf Labor Markets and Migration (GLMM) generally support that around 60-70% of Saudi Nationals were employed in the public sector, that number has supposedly declined to 52.1% in Q2 of 2023. Still a lot of work to do, but definitely significant improvement.
@@crocodileguy4319it is true that I can’t name anything from my end, but TLDR researched it.
They are providing some arguments and statistics that doesn’t make sense
I love TLDR but wanted a more fair essay instead of this insanely depressing one 😔
I would be willing to offer my help if they help me out with some projects. I am sure that big governmental organisation keep the lines of communications open problems will be solved. What's the Saudis view on the "Christian Taliban in the United States" by the way.
Worry not of the Muslims Allah Is Enough for us and those who mocked his religion will be encompassed by what they used to mock
Not much mocking of faith here.... they are talking about economics, which is a different faith really.
how will it save the economy again.
That's the problem with you guys. You take an economic and leadership criticism, to a criticism to your religion. Makes you sound so insecure and childish about your faith that it is laughable at that point, only if it wasn't so sad.
How old was Aisha?
😂😂😂😂😂😂😂😂😂😂😂😂