Diversifying the Saudi Economy for International Investment

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Saudi Arabia aims to diversify its economy and attract more foreign investment under the broad vision 2030 plan, which includes bringing in $100 billion of foreign direct investment annually by 2030. The lack of a government guarantee has hindered raising money for projects, particularly from international bankers. This effort signifies a push to modernize the economy, reduce reliance on oil, and increase international engagement.

Episode 312: Neal and Toby discuss Elon Musk’s quick trip to China that gets him clearance for Tesla to use their driving systems in the country. Then, Paramount’s CEO Bob Bakish stepped down after weeks of speculation that his relationship with the majority owner had soured. Next, remote work has led some cities to becoming hubs where managers and leaders tend to live. Also, Saudi Arabia is trying to seduce fresh financiers to invest in their ‘city of the future’ Neom. Meanwhile, Toby looks at the trend of shopping at multiple grocery stores. Lastly, the MLB uniform drama has come to an end with Nike holding the bag of blame.

Correction: Robinhood's 1% account transfer promo ends 6/28, not 6/30 as stated in the episode.

00:00 - Intro

2:15 - Tesla’s future in China

6:30 - Paramount’s CEO shakeup

11:00 - Managerial cities

14:30 - Saudi Arabia’s futuristic city

18:00 - Grocery shopping trends

22:00 - MLB jersey controversy

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