Tl;dr Summary: Saudi Arabia’s plans for Neom, the ambitious project to build a 170-km linear city, housing 9 million people in futuristic luxury, has been significantly downscaled as cost overruns and delays begin to mount. The project, forecasted to cost $500 billion and be completed by 2030, is on the chopping block as Saudi officials grapple with subdued oil prices and lack of returns on their investments.
Posted by TrixoftheTrade
9 Comments
Booooo
If you read the article, they’re planning even more changes down the Line.
I’m shocked, truly shocked
what a stupid fucking project
I love how the concept art for a lot of this stuff genuinely just looked indistinguishable from sci-fi. Like much of the technology that would be required to attain their vision of this clusterfuck straight-up doesn’t exist. It’s hard to assume that the people who invested billions upon billions into this are all just idiots who thought that throwing mountains of cash at fictional technology could somehow will it into existence, but unless there was some truly astronomical levels of state-endorsed corruption here, this really does seem like a case of just absolute, delusional insanity. I hope the engineers and architects and artists got some fat checks of that Saudi oil money, because the people of Saudi Arabia- and hell, even the royal family and their cronies themselves apparently- certainly seem to have gotten basically nothing out of this. I can’t imagine MBS is pleased; all these failed megaprojects really put a damper on his push to make Saudi Arabia a tourist hotspot.
Oh man, who could have seen this coming?!
I, for one support the Trickle-down economics from Despotic Absolute Monarchs to architects, consultants and humble bricklayers.
This was the only thing I liked about Saudi Arabia, and now they’ve got nothing.
https://preview.redd.it/3tm1qulpl6gg1.jpeg?width=498&format=pjpg&auto=webp&s=1d5f8d68b8146c807efd4e64da25740cbf6ad2fd