‘Financial quicksand’: Saudi Arabia’s $14 trillion megacity Neom ‘in trouble’
Saudi Arabia’s 170km-long desert city is in trouble. The futuristic, carbon-neutral Neom project is turning into financial ...
First major phase of farcical £1tn Saudi megaproject The Line ‘underway’ as ‘Hidden Marina’ takes shape despite scandals
WORK has begun on Saudi Arabia’s £1 trillion crown jewel megacity project of a 106-mile long sideways skyscraper. The Line ...
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Saudi Arabia starts work on £1tn megaproject with £108bn 'Hidden Marina'
Building work has started on a "Hidden Marina" forming part of Saudi Arabia's £1trillion desert megaproject have been ...
Saudi Arabia's Mega-City Faces Mega Problem: The Price Of A Desert Paradise
Private yachts were moored nearby, and some of the biggest celebrities were in attendance as Saudi Arabia partially opened Neom, its ambitious $500 billion mega-city in the desert.
Saudi Banks Set to Sell Bad Loans Ahead of Boom in Giga Projects
Still, selling bad loans will only be one part of the funding effort for giga projects, given their scale. Saudi banks could need to issue at least $16 billion a year in new debt through 2030 to ...