Saudi Arabia is seeking billions in Chinese investment for Neom. But it comes with a massive risk.

Tech Insider : Politics
Neom expo
A staff member welcomes guests at a Hong Kong investor showcase for the Saudi Arabia mega-project Neom at the M+ museum for visual culture in Hong Kong on April 19, 2024.

HOLMES CHAN via Getty Images

Saudi Arabia's Neom dreams are starting to crack under financial pressure

Tech Insider : Economy
The Line, NEOM
A rendering of "The Line," a key element of Neom.

NEOM

Saudi Arabia to raise $12 billion by selling more shares in Saudi Aramco amid Neom struggles

Tech Insider
A general view of Saudi Aramco's Abqaiq oil processing plant on September 20, 2019
Saudi Aramco's Abqaiq oil processing plant.

FAYEZ NURELDINE/Getty Images

Saudi Arabia is reportedly trying to plug a $21 billion deficit by selling bonds

Tech Insider : Economy
Mohammed bin Salman.
Mohammed bin Salman.

Leon Neal/Getty Images

Elon Musk's xAI says it just raised $6 billion in funding, pulling in big bucks from Sequoia Capital and Saudi Arabia

Tech Insider
Elon Musk.
Elon Musk.

Taylor Hill via Getty Images

Saudi Arabia's futuristic Neom project aims to embrace green flying taxis, and will have 4 airports

Tech Insider
The Line, NEOM
The planned design of The Line in Neom.

NEOM

Upstart Chinese planemaker Comac is in talks with Saudi Arabia as it seeks to disrupt the Boeing-Airbus duopoly

Tech Insider
China's self-developed passenger jet C919 makes its first international debut in a flight demonstration at the Singapore Airshow on February 20, 2024 in Singapore.
A Comac C919.

Wan Quan/VCG via Getty Images

Neom axed a $1.5B project to make water for the city, report says — another blow to its grand ambition

Tech Insider
Neom
Satellite view of construction progress at the Western portion of Neom, The Line, Saudi Arabia.

Gallo Images via Getty Images

Saudi Arabia snubbed Boeing with a huge Airbus order, the biggest aircraft deal in the country's history

Tech Insider
Officials from Saudia and Airbus stand on a stage at the Future Aviation Forum to announce an order.
Saudia and Airbus announced the order on Monday.

Courtesy of Saudia

Neom's push for foreign investment is getting trickier after allegations of Saudi brutality

Tech Insider : Politics
MBS/NEOM
This image shows a design for the Saudi Arabian city of Neom alongside an image of Crown Prince Mohammed bin Salman, the project's mastermind.

Nicolas Asfouri - Pool/Getty Images/Neom

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