Can Saudi Arabia afford its $8.8 trillion vision for the future?
The ambitious Neom megaprojects are facing a harsh collision with reality. This video examines how soaring costs and constant delays are threatening the financial viability of Saudi Arabia's most iconic urban fantasy.
Following an initial investment of more than $50 billion, the Neom projects are encountering significant financial hurdles. According to The Wall Street Journal, the scale of the required capital expenditure has expanded drastically.
Estimates to finish the projects by 2080 have reached $8.8 trillion. To put this figure in perspective, the projected cost is more than 25 times the annual budget of the kingdom.
Source: Saudi Arabia's Megaproject Disaster!
