/biz/ - Business & Finance

>>51158401
>>51158487
I'll tell you a little secret. It's purpose is not to build the project, at least not the main purpose.
These megaprojects are made to attract foreign investment and to give Saudi Arabia a modern image.
Quite contrary to what you're saying, Saudi Arabia realize their oil money is running out. Bin Salman is attempting to transform Saudi Arabia into a global services/ financial hub, like Dubai but on a much larger scale.
Jeddah Economic City, Neom, Red Sea Project, Diriyah Gate, all these projects are made to steer the country away from oil money.
This Ramadan Bin Salman announced they would ban showing any kind of Islamic celebration on TV. The ruler of Saudi Arabia, banning Islamic celebration, on their most important religious day. Of course it received massive backlash and he backtracked on it, but it should be an obvious sign telling you what they're attempting to do.