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Patrick Boyle On Finance

Neom - The Line - The Rise and Fall of Saudi Arabia's Linear City.

Patrick Boyle On Finance

Patrick Boyle

Investing, Business

4.9320 Ratings

🗓️ 16 April 2024

⏱️ 34 minutes

🧾️ Download transcript

Summary

Send us a textSaudi Arabia’s plan to build a 170km long, 500m tall, mirrored city in the desert, filled with 9 million people has been curtailed to 2.4km long.According to Bloomberg, Saudi Arabia’s government had “scaled back its medium-term ambitions” for Neom, of which The Line is the most significant sub-project.The Saudi government had hoped to have 9M residents living in The Line by 2030, but this has been scaled back to fewer than 300,000, according to the report.The curtailment of plan...

Transcript

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0:00.0

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1:00.0

Hello and welcome. You are listening to Patrick Boyle on Finance, a podcast exploring ideas from quantitative finance, examining events occurring in markets right now and financial history

1:12.2

to see what lessons can be taken away, including interviews with some of the most interesting

1:17.5

people in the world of finance. To learn more about the podcast, visit onfinance.org.

1:34.9

Neon the line is a 170 kilometre long city being built in the deserts of Saudi Arabia that was supposed to cost $200 billion to build.

1:38.8

It'll accommodate 9 million people in a massive structure that is 200 meters wide and 500 meters tall.

1:47.0

It's conveniently located in an allegedly empty area of desert.

1:52.0

The line has been pitched as a smart city, complete with extreme technology, including all of the modern features that you would want, like an artificial

2:02.3

moon, robot dinosaurs, flying cars, human gene editing, and glow in the dark sand, amongst

2:10.2

many other attractions.

2:12.5

According to a Wall Street Journal article about the project, this corner of Saudi Arabia

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