It appears that Neom—Saudi Arabia’s hugely expensive, architecturally bizarre urban development project—is floundering and close to collapse. A new report from the Financial Times cites high-level sources within the project to paint a picture of dysfunction and failure at the heart of the quixotic effort.
Neom was envisioned as a vast series of fantastical urban developments spread across the coast of the Red Sea. At the center of the project is The Line—a proposed 105-mile-long city which developers had initially projected could house as many as 9 million people by the year 2030. The Line is defined by bizarre architectural flourishes that, as the story notes, have seemed impossible even to the execs tasked with making them a reality.
It doesn’t matter.
That money was wasted lining the pockets of cronies, while everyone else still has to live in squalor.
It was actually a pretty great extraction of wealth by UK and international architectural and civil engineering firms.
it’s almost funny how terrible the sauds are at
investinggambling, or it would be if they didn’t blow shit up everytime they get bagged.nobody likes a sore loser
McKinsey & Company alone pocketed $800+Millions for their “engineering consulting” … If they gave me a $1000, I’d have given better consulting and saved them billions
McKinsey is a high-level management consulting firm. They don’t know thing one about engineering. They just bought in the expertise and massively marked up the price, and probably even then, couldn’t tell a good hire from a bad one.