SAUDI ARABIA RECKONS WITH ITS COSTLY MEGAPROJECTS AS $500 BILLION 'THE LINE' IS REVIEWED
https://image.cnbcfm.com/api/v1/image/107408664-1714563748310-KSA_The_Line_3_4096-2304-max.jpg?v=1714563906&w=1920&h=1080
✍️ Saudi Arabia's sovereign wealth fund is reassessing the feasibility of its $500 billion futuristic city, The Line, amid global scrutiny and growing pressure on public finances.
👉 The Line is a 105-mile linear city project in Saudi Arabia's Neom development 👉 The project is reassessed amid global scrutiny and growing pressure on public finances 👉 Review will focus on technical feasibility, financing, and economic impact 👉 Job cuts are planned across Neom as a whole 👉 Project has faced criticism for high costs and optimistic forecasts
-- #TimCallen #GilesPendleton #MohammedbinSalman #TarikSolomon #SaudiArabia #UnitedArabEmirates #Dubai #politics
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