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Neom is reportedly turning into a financial disaster, except for McKinsey & Co.
A new WSJ report suggests that Saudi Arabia's now eight-year-old Neom project -- a futuristic, carbon-neutral, 105-mile-long linear city envisioned by
A new WSJ report suggests that Saudi Arabia’s now eight-year-old Neom project — a futuristic, carbon-neutral, 105-mile-long linear city envisioned by Crown Prince Mohammed bin Salman — has become a financial sinkhole. The situation is starting to resemble Saudi Arabia’s own Waterloo, with MBS misjudging the monumental challenges inherent in his strategy, much like Napoleon did before him. Among the harsh realities threatening to derail the project are insufficient labor, inadequate roads, and a lack of electricity.
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