Saudi’s Dream Turned Into a Nightmare | How Billions Were Spent Chasing an Impossible City
A Think School case study on why Saudi Arabia's NEOM giga-project, and its 170 km 'The Line' city, has stalled, according to the narrator. He explains the oil-driven 'Dutch disease' behind the ambition, the project's extreme design, how the budget estimates ballooned, and the lesson about credibility. Sponsor: Ditto, an insurance consultation platform, named in a mid-roll read about health insurance claims. PARTIAL COVERAGE: this note covers the opening, the Ditto read, the Dutch disease section, the design of the project, the budget estimates, and the closing lesson, and does not cover every part of the roughly 16 minute video. All costs, progress claims and statements about Saudi decisions are the narrator's own and are not independently verified. This is a summary, not financial or insurance advice, and the sponsor read is an advertisement.
Executive Summary (TL;DR)
A Think School case study on why Saudi Arabia's NEOM giga-project, and its 170 km 'The Line' city, has stalled, according to the narrator. He explains the oil-driven 'Dutch disease' behind the ambition, the project's extreme design, how the budget estimates ballooned, and the lesson about credibility. Sponsor: Ditto, an insurance consultation platform, named in a mid-roll read about health insurance claims. PARTIAL COVERAGE: this note covers the opening, the Ditto read, the Dutch disease section, the design of the project, the budget estimates, and the closing lesson, and does not cover every part of the roughly 16 minute video. All costs, progress claims and statements about Saudi decisions are the narrator's own and are not independently verified. This is a summary, not financial or insurance advice, and the sponsor read is an advertisement.