Saudi Arabia’s construction of its megacity project NEOM is projected to cost almost $9 trillion and take over five decades to complete, an internal audit has revealed.
Saudi Arabia’s construction of its megacity project NEOM is projected to cost almost $9 trillion and take over five decades to complete, an internal audit has revealed.
That’s only an $8.3 trillion shortfall. They’ve planned for 5.7% of the needed funds. The rest should be easy to raise.
Ok. So the PIF can cover about 10% and the rest can come be setting aside 40% of Saudi Arabia’s income for the next 55 years.
It’s not like their income is likely to drop in that time frame. Oil isn’t going anywhere.
Say it’s not so!