Saudi Arabia's Neom dreams collide with financial reality as budgets reportedly face big cuts

Tech Insider
A conceptual image of the planned design for The Line in Saudi Arabia's Neom, shows a large mirrored facade extending out into the water from the desert.
The planned design for The Line in Neom.

Neom

Saudi Arabia is getting a Trump Tower as it ramps up its luxury property push

Tech Insider
Jeddah Saudi Arabia
An aerial view of Jeddah, Saudi Arabia.

Saud Gari/Getty Images

Saudi Arabia may be forced to reassess megaprojects like Neom

Tech Insider : Economy
A conceptual image of the planned design for The Line in Saudi Arabia's Neom, shows a large mirrored facade extending out into the water from the desert.
The planned design for The Line in Neom.

Neom

The Line in Neom is a 'completely ludicrous' design with no purpose, a Middle East-focused professor says

Tech Insider
The Line, NEOM
A rendering of The Line.

NEOM

7 quirky plans for Neom, from robot hotel clerks to swim lanes for commuters

Tech Insider
A conceptual image of the planned design for The Line in Saudi Arabia's Neom, shows a large mirrored facade extending out into the water from the desert.
A rendering for The Line, a vast horizontal skyscraper in Neom.

Neom

Neom planners reportedly fear its huge mirrored structure called The Line will kill a 'significant number of birds'

Tech Insider
The Line, NEOM
A rendering of The Line, part of Saudi Arabia's Neom project.

NEOM

Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.

Tech Insider
The Line, NEOM
A rendering of The Line, which developers say will be a key part of Saudi Arabia's Neom project.

NEOM

Saudi Arabia's stake in Lucid dropped in value more than $50 billion as the EV startup struggles, report says

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Lucid Air
Lucid Air

Lucid

The Strategic Petroleum Reserve 'would be harder to use,' and the only buffer for oil markets is Middle East production, energy expert says

Tech Insider
Saudi oil production

Marwan Naamani/AFP via Getty Images

Here's why oil prices have seen wild swings lately, clouding the outlook for inflation

Tech Insider
Oil refinery

(Photo by Janos Kummer/Getty Images)

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