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.
Evergrande Crisis Intensifies
Evergrande - China Faces a Potential Lehman Moment
Investing In Collectibles - Are NFT's Digital Beanie Babies?
The Difference Between Trading And Investing
Billionaires Who Lost Everything
Do Central Bankers Care About Rising House Prices?
Should Politicians Trade Stocks? Congressional Insider Trading
Sinner or Saint - ESG Investing vs. Vice Investing
Insider Trading on The Dark Web
Consumer Protections in Crypto Investing
When Pubs Briefly Replaced Banks in Ireland
The First SPAC on The Moon!
Should Companies Make Political Donations?
China cracks down on Didi days after IPO
Lordstown Motors Executives Sold $8 Million of Stock Before Bad News Broke
Where Have All The Stocks Gone?
Inflation - A New Era?
Robinhood IPO Access
The Five Biggest Insider Trading Scandals
Wall Street Quants - A History
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