Saudi Arabia Economic Crisis! Neom - The Line - How One Building Bankrupted Whole Country

Saudi Arabia Economic Crisis! Neom - The Line - How One Building Killed Whole Country
Saudi Arabia SHOCKING Economic Crisis
How Saudi Arabia is HIDING its own Downfall?
The Writing is on The Wall: Saudi Arabia’s COLLAPSE is IMMINENT

Join the Basics Team:

[Steve-iwi]

How could ANYONE be so clueless to push such a ridiculous idea?

[essaboselin]

The city requires technology that doesn't exist. Flying cars, robotic workers and teachers, etc. It never had a chance of success.

[cupholder]

The fun fact is, the idea actually came from Mass Effect “Citadel”

[wethenorth]

Are these people on cocaine……it sounds like someone got very high and said fuck it, what if we could build an indoor city and we know everyone’s every move.

[peterphan]

This is what happens with authoritarian dictators. They surround themselves with yesmen who are too afraid to speak out, speak candidly, or criticize the leader’s ideas, because they don't want to take a fall out of a high window or get a visit from a bonesaw.

[tttpppbbbaaa]

Everything about the line is a dystopian society.

[jgn]

But if im not mistaken. The number one priority will have to be Water. Throughout the whole area! So . Turning sea water into Drinking water first objective?

[marlonelias]

They abuse Filipino people like myself in that country!.!.

That’s one of the reasons why I don’t want to visit that country!.!.

The concept of Human Rights doesn’t exist in that country!.!.

[shanegreen]

I have a strong feeling this project will fail

[LambentOrt]

A murderer's kingdom will only turn to sand.

[cornerarcade]

This channel is always informative & usually not politically driven which is refreshing. Just business

[Nick-rsif]

"Kowloon Walled City" comes to mind when seeing this.

[AlfredKriman]

The longest dimension of a stationary object is normally called its "length." Neom was originally planned to be 170 km LONG, not WIDE.

[vincenzomaier]

Sounds more like a dream of a spoiled child than a properly planned project. 😭

[TheStenius]

Even the 2.4km until 2030 are totally unrealistic.

[MichelCorleone]

What I learned from living in both countries, The US and KSA (This cannot be reasearched, but through years of close up observations):
1. The Saudis bought Microsoft and IBM off the shelf enterprise software, customized it, and made them into eGov Services. This has given them speed in getting things done fast in terms of gov paperwork. The US? We are like donkeys waiting for a DMV appointment and its manual papwerwork!
2. The accomploshed giga projects before NEOM such as Riyadh Metro which is the largest and most advanced worldwide. So they built the confidence overtime till they achieved the idea of NEOM.
3. Now the country is booming with different projects to the limit that all multi national tech companies are creating new product lines and customizations just because of that.
4. Humans usually tend to resist change until it is a reality. When iPhones came out, the older generation back then completely dismissed it but it grew overtime. Who believed Dubai would become the one it is now.
5. One of the biggest factor in attracting great minds for Saudi projects is the tax free income. Who wants to be taxed to death at all fronts and then work like hell just to reach the tip of 401k.

[DavidPeretzchannel]

At 5:57 you made a mistake about Aramco's evaluation. It's worth around 7 trillion Saudi rials, not dollars.

[johnnyb]

I Spent some time in Saudi in the 90s and had a translator explain the country to me like this: “Imagine finding the poorest county in West Virginia and giving them a trillion dollars overnight. They went from gauging wealth based on goats and camels to unimaginable amounts of money in a single generation”

[stevenanderson]

Were I a foreign investor considering SA, I would ask myself what happened to the investment of the foreign oil companies who built the infrastructure taken over by Aramco.

[sureshsrinivasan]

All foreign workers are leaving Dubai and other Arab countries....so without manpower, what's the point of these investments ?? See china today ? 😢😢😢