In today's big story, we're looking at how Saudi Arabia is courting Chinese investors for help with its massive, futuristic city facing financial issues.
NeomSaudi Arabia's dreams of a futuristic city are turning into a financial nightmare, and one of its solutions could spell trouble for the US.
Since 2017, the Kingdom has touted big plans for the desert megacity Neom .
AdvertisementThe city plans to heavily use renewable energy, a key area of focus for China as it digs itself out of its economic hole .
But a soft real estate market and a trail of angry business partners and customers are threatening to thwart his big plans .
Persons:
—, Prince Mohammed bin Salman's, Neom's, hasn't, Tom Porter, Prince, Aaron Weiner's, Weiner, Justin Sullivan, it's, they'd, Tyler Le, Giovanna Ventola, Michael Shvo, Shvo, Tesla, Jose Uribe, Sen, Bob Menendez, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Annie Smith, Amanda Yen
Organizations:
Service, UEFA, Business, Neom, US, International Monetary Fund, Bank of America, Apple, Apple Intelligence, OpenAI, Amazon, Bonnaroo Music, Arts Festival, Post Malone
Locations:
Saudi Arabia, Neom, Saudi, Kingdom, China, Gaza, New York, London