US EditionSaudi Arabia downsizes megaprojects, chases cash amid AI push
5 Articles
5 Articles
Saudi Arabia presented the Neom project back in 2017 as a key piece of its Vision 2030 plan, with the objective of modernizing its economy and relying less on oil. Within that plan, The Line was the most spectacular idea: a linear city of 170 kilometers in the middle of the desert, designed for millions of people, without cars and without carbon emissions, based on advanced technology.This city was promoted as a new way of living and as a symbol…
Saudi Arabia downsizes megaprojects, chases cash amid AI push
After years of breakneck spending, Crown Prince Mohammed bin Salman’s flagship plan to diversify the oil-dependent economy — dubbed Vision 2030 — is facing a fresh round of delays and recalibration as softer oil prices squeeze public finances and force tougher choices.
A 400-metre-long cube, large enough to contain 20 Empire State Buildings, put to sleep. The Mukaab project, the jewel of Saudi Vision 2030, marks a forced break, symptom of an ambition that runs counter to the principle of reality.
After Cancelling The Line, Saudi Arabia Has Now Shelved The Collosal Cube, Mukaab
Saudi Arabia has suspended construction of the Mukaab, a massive cube-shaped skyscraper planned as the centerpiece of Riyadh’s New Murabba development, as the kingdom reassesses the project’s financing and feasibility, according to multiple sources familiar with the matter, Reuters reports. The decision marks another high-profile scaling back of Vision 2030 megaprojects as the Public Investment […] The post After Cancelling The Line, Saudi Arabi…
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