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

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


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Saudi Arabia Economic Crisis! Neom – The Line – How One Building Killed Whole Country

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@BusinessBasicsYT

Be sure to hit the like button above!

@unamiko6365

One of the standout achievements of Vision 2030 is in tourism, where Saudi Arabia welcomed 106 million visitors in 2023, including 27.4 million international tourists, positioning it as the second fastest-growing tourism destination globally. The Kingdom also exceeded its target for Umrah performers, welcoming a record-breaking 13.56 million pilgrims last year, nearly double the baseline figure.

@unamiko6365

More than halfway through its "Saudi Vision 2030" journey, Saudi Arabia has demonstrated notable progress, with 87% of the 1,064 initiatives either completed or advancing as planned.

@unamiko6365

The CEO of NEOM, expressed his enthusiasm about the opportunities NEOM presents to the global investment community, highlighting recent achievements such as the largest public-private partnership for accommodation worth over SR21 billion, and a SR37.5 billion logistics services joint venture with DSV.

@unamiko6365

The CEO of NEOM, expressed his enthusiasm about the opportunities NEOM presents to the global investment community, highlighting recent achievements such as the largest public-private partnership for accommodation worth over SR21 billion, and a SR37.5 billion logistics services joint venture with DSV.

@dianprasetiawan1132

Coba kalian liat indonesia sekarang membangun Ibu Kota Nusantara 😎

@serpentine8914

These structures have to work so hard against Nature

@zollar98

The kilometers long city in the. dessert will just become another ambitious failed Saudi project.

@xy7starlight

Ya, their profitability might be secure but their revenue will be decreasing much faster as the solar is already the cheapest electricity and the whole transportation is rapidly shifting to electric mode as well.

@abdulkareemkareem1438

Faulure project.

@Dezzasheep

No mention of Saudi's pushing of evil Wahhabism in places like the UK, destabilising key rivals.

@IzzoIzzo-bk5du

Trust me, KSA is the future ❤❤ I live here and I can tell you, it is astonishing ❤❤

@oslolucho716

this channel is probably funded by the US govt???

@WaynesWorldUnlimited

I lived in Saudi Arabia when I was sevenfor a year with my parents away from the UK it was amazing experience I don’t remember much of it but I do remember being invited as a special guest to one of the princes weekend lunches at the Palace. My father who was ex-Navy was also the chief engineer in one of the oil industries so we got special treatment.

@sebastienfoulc8600

That’s what crazy looks like.

@marcbouviere

What about culture, will foreigners want to come to Saudi Arabia considering the limitations in personal living….

@abdmo7575

everything theyre doing is right, other than the goofy ass line city
maybe theyre doing it just for marketing, who knows

@frankieplascencia6160

Sounds like a trap 🪤 😂

@sayanbhattacharya8343

Very informative content

As of 2024, the oil sector accounts for approximately 23.4% of Saudi Arabia's GDP​ (Economy Saudi Arabia)​. Historically, the oil sector has played a dominant role in the Saudi economy, but recent efforts under the Vision 2030 initiative have aimed to diversify the economy and reduce dependence on oil.

The Vision 2030 strategy aims to reduce the oil sector's share of the GDP by promoting growth in non-oil sectors. Despite these efforts, oil remains a significant part of the economy, contributing to about 62% of government revenue and 77% of exports​ (Acuity Knowledge Partners)​.

I heard they are only doing 2% of the line in total.

@omarm6866

They say like that in king khald before and he build the best and biggest industrial city in the worId keep taIking and we keep building our future

@3asy_1ce

see you in 2030🤌

@Lunarek

Wow the amount of hate in the comments are unfathomable.

@Jastwantv

sound like very intelligent person.

@birisuandrei1551

People need to stop calling The Line City stupid, let stupid dictators keep doing stupid mistakes, they don't deserve to be warned

I don't see y'all going to north korea telling them how stupid it is to launch rockets near japan

@diliplodh8377

Look at your own home, don't waste time for others economy they are better than you all parameters. Thanks.

@larrymans4

the king is toast.

@eduardocabal3836

Nothing impossible if you have money 👍👏

@PVSuryateja

Dude, that is 7 trillion SAR nor Dollars

@NoelleChanHin

I thought that a hegemonic country has many problems. The USA?

@TamilBoyInRiyadh

Sounds like Saudi Arabia to implement taxation for salaried🥹

@Ozjockey111

Instead of Businesses Basics how about you try SPELLING BASICS. US Dept? 😅😢😂😊🎉

@Peaceforall2

You have no knowledge of what is happening here total lies

@Thetigerheart911

i stopped watching when you said opeic cartel

@FDH_98

OPEC "cartel" is not your stereotypical political capitalist organization, they actually do something for other countries and communities. As europe united and made NATO. We arabs have to take care of each other, as USA got the weapons tech , we have oil,
As for 2030 vision we actually believe in him and this video got it all wrong, good knowledge, but only focuses on the disadvantages, anyhow goodnight I'll wake up after 8 hours to distill crude oil❤

@hassanalbolkiah127

with the exception of the line and all the other vanity projects, the green hydrogen stuff and solar panels and battery stuff is the most common sense thing they are doing

@joycecornista7884

It's a modern Noah's ark that will save believers.

@user-mz8rm4zc4u

Thats why all company delay so much Salary😅 because saudi now is crisis😅

@fernandoanthony277

Im a foreign worker here in saudi arabia and everything is going high price,tax is increasing

@jinglebell9107

Let the Saudis do their thing. What is wrong with the futuristic 2030. You mock up Saudi when their is no change. Now the Saudi are changing and you still complain. I'm not Saudi, but one thing I know, Envy is a very deadly sin, A sin of jealousy over the acheivement of others.

@owinfaris4729

Fun fact the city is 45% all ready done, and this video is actually false. Nothing is true in this video. Don't twist the fact that you're against mbs political road. Search more

@arrvail_9

Mid east will never be defeated ❤

@rosemaryobiena9249

paano sabay sabay kasi project nila kaya yan wala na sila pera

@RevleonAngeles

You know the first problem of Saudi Arabia now is the circulation of money because their money not circulating good to their country because the 25 percent of there money are going to other country because of remittance so the new crown prince to resolve that problem they hinger is value added tax to their products to equalized the circulation of money and to avoid and to reduce exporting money to other country because the remittance of other country to Saudi Arabia is very high so the money of Saudi Arabia are going to other country I love Saudi Arabia hahaha