Why the World’s Largest Megaproject Collapsed | WSJ

Saudi Arabia’s futuristic megaproject Neom has come to a standstill, as the extraordinary costs of the planned city have collided with financial reality. After sinking more than $50 billion into Saudi Crown Prince Mohammed bin Salman’s dreams of a sci-fi metropolis, the kingdom is now spending billions of dollars more to wind down contracts, leaving mammoth-sized partially built structures to gather sand in the desert.

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