Saudi Arabia downsizes megaprojects, chases cash amid AI push

Saudi Arabia giga-ambitions crash into the wall of reality

Many of the kingdom's most daring projects are being delayed and downsized. Money and megalomania alone don't make for economic development

Saudi Arabia downsizes megaprojects, chases cash amid AI push

After years of breakneck spending, Crown Prince Mohammed bin Salman’s flagship plan to diversify the oil-dependent economy — dubbed Vision 2030 — is facing a fresh round of delays and recalibration as softer oil prices squeeze public finances and force tougher choices.

After Cancelling The Line, Saudi Arabia Has Now Shelved The Collosal Cube, Mukaab

Saudi Arabia has suspended construction of the Mukaab, a massive cube-shaped skyscraper planned as the centerpiece of Riyadh’s New Murabba development, as the kingdom reassesses the project’s financing and feasibility, according to multiple sources familiar with the matter, Reuters reports. The decision marks another high-profile scaling back of Vision 2030 megaprojects as the Public Investment […] The post After Cancelling The Line, Saudi Arabi…