The Saudi crown family’s megalomaniac dreams of building a gigantic city of the future in the middle of the desert are getting a brutal reality check.
Saudi Arabia’s plans for Neom, a futuristic fever dream which includes a massive all-inclusive resort on the coast, a second ski resort in the mountains, and an up to 106 miles-long pair of 1,600-foot skyscrapers called The Line, is running into major financial problems.
As the Wall Street Journal reports, capital expenditure estimates to build Neom to what officials call its “end-state” by…
