Saudi Arabia, Qatar, the UAE and other oil rich Middle Eastern states have announced plans to collectively invest trillions of dollars in new megaprojects, the most extreme of which is Saudi Arabia's $1 trillion 170km skyscraper called The Line. Why are these countries spending so much on mega projects and does it make any economic sense?
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Nov 2024
Analysis: Saudi Arabia's Economic Plans Stumble
One pillar of Saudi Arabia’s ambitious Vision 2030 development plan is NEOM, a land development, tourism, and model city project that is projected to cost at least a half a trillion dollars. Last week, NEOM’s CEO left suddenly. Asher Grant-Sasson speaks with Jon Alterman, directo ... Show More
4m 15s
Jul 2023
How Saudi Arabia is buying the world
When Saudi cinemas reopened in 2018, for the first time in 35 years, they screened the Marvel movie Black Panther. Many saw parallels between the kingdom and the fictional world of Wakanda, as crown prince Mohammed bin Salman unveiled ambitious plans for modernisation and an econ ... Show More
36m 33s
<p>This week, we're digging into The B1M's recent video "<a href="https://www.youtube.com/watch?v=2gwrSaNSl00&t=135s" rel="noopener noreferrer" target="_blank">Saudi Arabia Built a $16BN Clock Tower</a>". The Makkah Royal Clock Tower in Mecca, Saudi Arabia pushes engineering ... Show More
