Bloomberg: "Saudis scale back ambition for $1.5 trillion desert project Neom. In Neom, The Line was expected to house 1.5 million by 2030. Now, fewer than 300,000 are expected to live there by then."

InevitableSwing [none/use name]@hexbear.net · 8 months ago

Bloomberg: "Saudis scale back ambition for $1.5 trillion desert project Neom. In Neom, The Line was expected to house 1.5 million by 2030. Now, fewer than 300,000 are expected to live there by then."

itappearsthat@hexbear.net · 8 months ago

I had totally memory-holed this shit and thought it was like the epitome of the zero interest rate crypto boom days, they’re actually serious about it?

InevitableSwing [none/use name]@hexbear.net · 8 months ago

I assume MBS is serious about it and he seems to function like a quasi-dictator. But even for Saudi - their plans were (and remain) insane. My hunch is one day construction will quietly and totally stop. After that - any Saudi citizen even making a tiny joke about it online is in danger of prison, torture, execution - or all three. And I bet MBS is super-touchy about it until the end of his life.