The announcement came alongside annual results which showed the sovereign wealth fund posted a 4.2 per cent decline in total shareholder return in 2025, driven by a fall in the valuations of some assets, “as a result of wider market conditions”.
I wonder what these “wider conditions” are.
Also, the many illustrations in the article are absolute fantasy trash. Who believes in this? It’s desert country, hot and dry, getting more so each year.
BTW, Neom is by the Red Sea, bordering Egypt/Jordan/Israel.
This is Mohammed bin Salmans project. Those renders are a great distraction from MBS crack down against opposing royals and Wahhabi radicals inside the kingdom. It also keeps the national wealth fund busy.
I wonder what these “wider conditions” are.
Also, the many illustrations in the article are absolute fantasy trash. Who believes in this? It’s desert country, hot and dry, getting more so each year.
BTW, Neom is by the Red Sea, bordering Egypt/Jordan/Israel.
Saudis parked fuckload of money in ai startups
This is Mohammed bin Salmans project. Those renders are a great distraction from MBS crack down against opposing royals and Wahhabi radicals inside the kingdom. It also keeps the national wealth fund busy.