Quote:
Originally Posted by Mr.Coffee
Why do you say those Saudi projects are doomed? I think people forget just how much money Saudi has. That can't fix every problem, but it does fix a lot of problems and garners a lot of power in the region.
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The proposed Saudi projects are just beyond the scale of anything attempted before:
https://en.wikipedia.org/wiki/Neom
It's mostly supposed to be completed by 2030. They were supposed to have completed major projects by 2020. So far, almost nothing has actually been done.
Obviously Dubai is a totally different country than Saudi Arabia, but Dubai was the last one to attempt these megaprojects. Despite doing so on a much smaller scale than Neom, Dubai failed pretty miserably:
https://www.luxurytraveladvisor.com/...never-happened
Basically, Neom, and specifically the Line, is a project on such a large scale - a scale that no one else has ever even remotely come close to building a project on - that I just don't see at as feasible and certainly not on the time line that Saudi Arabia is proposing. From a purely financial perspective, to fund a project like this, you're going to need a massive budget surplus that lasts over the course of decades without any interruptions. Sure things are good for SA this year, but what about for the next 20-30 years.
The completion of Neom would actually be fantastic for the region. Given it's location SA is going to push for peace in the region immediately surrounding it. The project itself would pull 10s of millions out of poverty and into extreme modernity. Plus the Saudis wouldn't put up with any skirmishes in the immediate area. At the end of the day, I just agree with the wealth of pundits stating its not feasible.