An illustration of Neom's planned Line Development, provided in March 2024.
Source: NeomTrump Faces $2 Trillion Hurdle to Win Money From Saudi Prince
US President Donald Trump’s hopes of securing as much as $1 trillion in investment commitments from Saudi Arabia might clash with another costly ambition - transforming the kingdom’s own economy.
Saudi Crown Prince Mohammed bin Salman’s plans to diversify the oil-dependent country are likely to cost close to $2 trillion, according to estimates compiled by Bloomberg News. The sheer scale of domestic commitments — calculated by Bloomberg based on interviews with people familiar with the plans, US government projections, Saudi estimates and data from the researcher MEED — are transforming the kingdom’s role in the global economy.