Posted inSaudi Arabia

Saudi prince defends trophy projects amid crisis

When Saudi Finance Minister Mohammed al-Jadaan announced austerity measures in May, including an US$8 billion cutback on spending on Vision 2030 — Crown Prince Mohammad bin Salman’s ambitious plan to restructure the Saudi economy — economists and pundits assumed that was the death knell for trophy projects like Neom, a half-trillion-dollar plan for a futuristic […]

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