Saudi Arabia's Megaproject Disaster!

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Saudi Arabia's Neom megaprojects are running into major financial problems according to The Wall Street Journal.

After more than $50 billion dollars has been spent the fantasy city has collided with reality.

Costs have soared, delays are constant, and the capital expenditure estimates to complete the projects by 2080 have ballooned to $8.8 trillion dollars, which is over 25 times the kingdom's annual budget.

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