Send us a Text Message.
Saudi Arabia’s plan to build a 170km long, 500m tall, mirrored city in the desert, filled with 9 million people has been curtailed to 2.4km long.
According to Bloomberg, Saudi Arabia’s government had “scaled back its medium-term ambitions” for Neom, of which The Line is the most significant sub-project.
The Saudi government had hoped to have 9M residents living in The Line by 2030, but this has been scaled back to fewer than 300,000, according to the report.
The curtailment of plans comes as Saudi Arabia has not yet approved the 2024 budget for Neom, according to Bloomberg.
Patrick's Books:
Statistics For The Trading Floor: https://amzn.to/3eerLA0
Derivatives For The Trading Floor: https://amzn.to/3cjsyPF
Corporate Finance: https://amzn.to/3fn3rvC
Patreon Page: https://www.patreon.com/PatrickBoyleOnFinance
Buy Me a Coffee: https://buymeacoffee.com/patrickboyle
Visit our website: www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle
Patrick Boyle on YouTube
Listen on: Apple Podcasts Spotify
Support the Show.
What Are The Odds Of A Double Yolk Egg?
The Bitcoin Green Revolution - Is Cathie Wood Right About Bitcoin?
New Companies Vs. Old
Gamestop Selling New Shares $GME
The Archegos Capital Blow-up
The Collapse of Greensill Capital
The Next Hedge Fund Scandal
The Infinite Money Machine
Top Five Corporate Scandals of The Century
The Best Performing Stocks of The Last 100 Years
Victor Haghani - From Long Term Capital Management To Elm Partners - Investing Lessons
Day Trading and Leverage - The Kelly Criterion
Wall Street Bets & The GameStop Short Squeeze - What Is Going On?
The Story of James Simons - Renaissance Technologies & Medallion Fund
The Dot-Com Bubble - Wall Street History
What Is a SPAC or Special Purpose Acquisition Company and Should You Invest?
John Law - The First Financial Engineer - A History of Paper Money and The Mississippi Bubble
How Demographic Changes Will Affect Your Portfolio - With Manoj Pradhan - Talking Heads Macro
Top Ten Finance Books For Traders - Best Finance Books
Day Traders To Billionaires - Online Trading in the 1990's
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast