Saudi Mega-project NEOM Chases Chinese Funds | Vantage with Palki Sharma
Saudi Mega-project NEOM Chases Chinese Funds | Vantage with Palki Sharma
First announced in 2017, NEOM is a futuristic Saudi megacity being built in the middle of the desert. It is a part of Crown Prince Mohammed bin Salman's bid to diversify the Gulf state's oil-dependent economy. But since its announcement, NEOM has raised eyebrows as architects, economists and investors have questioned its feasibility and costs. So, Riyadh is now courting investors from across the world. The roadshow for NEOM travelled from Beijing to Shanghai to Hong Kong, chasing Chinese funds, amid speculation about the scope of the project and its finances. But will it be enough for NEOM to take off? Palki Sharma tells you.
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Saudi Arabia | China | Neom Project | MBS | Crown Prince | "The Line" | Flagship City | Mohammed bin Salman | Firstpost | World News | News Live | Vantage | Palki Sharma | News
#saudiarabia #mbs #neomcity #thelinecity #megacity #firstpost #vantageonfirstpost #palkisharma #worldnews
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Пікірлер: 710
Running out of money? Have they started paying their workers or something?
@cocobiskit
27 күн бұрын
😂😂😂
@darkspyder5838
27 күн бұрын
Damn bro 😂😂
@beathorn
27 күн бұрын
😂
@sunilkumarcheruvu
27 күн бұрын
may be 1 year after work is complete. like most govts :)
@manhoosnick
27 күн бұрын
😂😂😂😂 yes because they got white consultants from london so they had to pay their fathers
If Saudi Arabia is looking for funds then condition is serious
@Walletfinder10.0
28 күн бұрын
Condition is serious but project is a joke. Architects of this project seriously need to rethink about this.
@teddymoon3744
28 күн бұрын
once america starts drilling again ....saud will have no money once the barrel is under $50
@kriswright4739
27 күн бұрын
@@teddymoon3744 America cannot survive with barrel under $50 per barrel. All the Energy Fracking Companies will close
@StealthHalcon9
27 күн бұрын
@@teddymoon3744If anything I think they know that which is why they are looking for alternative forms of economic growth. They’ve also targeted professional sports and events.
@INDIANATHEIST526
27 күн бұрын
@@StealthHalcon9but this project isnt tue alternative
Now half of saudi will belong to china 😂😂😂
@nmew6926
27 күн бұрын
Don't worry, Modi will buy the other half for India.
@THEeaternalpeople
27 күн бұрын
@@nmew6926There is no need to buy desert we already have thar desert and rest World is trying its best to move away from petroleum
@sarahZain_
27 күн бұрын
@@nmew6926😂😂😂
@Probablyasleep69
27 күн бұрын
@@nmew6926Tell modi to buy deodorant and flushing toilets for indians first.
@RoseRose-gk6ku
27 күн бұрын
Not everyone has the ability, quality & qualification to get involved in mega project. For sure, China yes, a big YES. I think you know what I mean.
Nobody wants to live in the longest prison in the world?😅
@savagepro9060
28 күн бұрын
Size does not matter. Prison is Prison!
@Tshepo10111
28 күн бұрын
😂
@Mark-gd2ti
28 күн бұрын
😂😂 Norway:" we have a lot of money from oil, we will invest it and let our people live better." Arabs: "spend like there is no tomorrow on useless and extravagant stuff"
@DIBDIBAN_athleta
27 күн бұрын
Jealous 😂😂😂
@negaranegara62
27 күн бұрын
@@Mark-gd2tiAs a Muslim from Indonesia I feel very ashamed of what rich Arab people are doing!
On the chinese economy side I don’t think china would be interested on funding such project as NEOM.
@Prashant_Pandey4
27 күн бұрын
They will come up with their belt and road initiative there , Saudi have to put his oil fields on collateral for unsustainable Chinese Loans
@natsumidesu8019
27 күн бұрын
@@Prashant_Pandey4 please check the chinese economies condition dear, their economy now is failing, belt and road is a failure
@King-vo7vm
27 күн бұрын
@@natsumidesu8019 failing 😂😂😂...
@RoseRose-gk6ku
27 күн бұрын
For sure there's a country not interested in this mega project coz no big 💰💰💰💰💰💰💰💰💰💰 to invest. I'm sure you know what I mean.
@natsumidesu8019
26 күн бұрын
@@RoseRose-gk6ku yah I know what you mean, true
"A fool and his money are soon parted."
@EmperorGaming07
27 күн бұрын
A slave must never comment on the work of his master. Lack whipping
@jjustsayingwhatisee
26 күн бұрын
America
@user-ii2lm6kg2g
25 күн бұрын
@@jjustsayingwhatisee Endia too.. The only different that "money" for the Endian is just delusion..
@oFaisalo
25 күн бұрын
Don’t cry
imagine when the ac system goes out
@drjitesh5418
27 күн бұрын
Imagine when ac system goes out in a building in desert ..same thing don't talk stupid ..neom city will have billions of trees also
@exploreandunravel5773
27 күн бұрын
@@drjitesh5418 Will the trees be enough to control the temperature for human existence 😂 ?
@morwickchesterham3875
27 күн бұрын
I imagine it will be quite stinky in there... with all the Arabs and their Indio servants
@youlost88s
25 күн бұрын
@@drjitesh5418 uhmm billions of tree uhmm you ok bro?
@user-rh7wk9dj9b
23 күн бұрын
As a Chinese, I haven't felt the power cut for years, please don't worry about it, please take care of yourself first.
This will be marked as the greatest blunder in the history 😂😂
If oil money isn’t enough, I don’t see American or Chinese investors sinking their money in a project like this one
Pie in the sky. It'll never be finished. It's money down the drain. This is what you get when egos are larger than pockets.
Wouldn't they even consider thinking that the outer wall will be like a giant wall of death ray 🤣🤣🤣🤣
Sorry but Why he thinks people will go to live in Arabia?? And in a pipe 😂😂 and in 2050 when world will be quite innovative
@rocketshoot3027
27 күн бұрын
Dubai is in Arabia
@Aftermath-News
27 күн бұрын
Even in 2050. No one wants to live in India.
@LH1xx
27 күн бұрын
You think people want to live in dirt poor India?
@-rate6326
27 күн бұрын
@@LH1xx they are certainly 700000 americans living in India. It's data from 2017. 4.9 million foreign-born residents in 2020
@LH1xx
27 күн бұрын
@@-rate6326 They are Indians who have American passports only LOL
My father always say, "It's not about how much you earn, It's about how much you spend".....Now it makes sense
@juliusndungu-sv3ng
21 күн бұрын
And how you spend it.
@ABN_Youtube
20 күн бұрын
That's actuality loser mentality . I will always strive to spend more on my loved ones
@ONUCHEJAT
20 күн бұрын
@@ABN_KZread it's obvious u haven't gotten the message... How can a whole Saudi Arabia with all their trillions of dollar still broke and trying to get loans just because they want to build a mega city that is not even necessary... All in a bid to have a luxury life
@ABN_Youtube
20 күн бұрын
@@ONUCHEJAT Well Saudi is in no way or form "broke" Infact our economy is the best it has ever been ! Saudi economy is very predictable just follow the price of oil and anything above 60 dollars per barrel is very lucrative. Currently it has been in the 80s since 2021 However the reason Saudi slowed down is insufficient foreign invest . It is part of the vision 2030 to attract foreign investment not only because of the money but the expertise and leverage it can bring ! One reason dubai for instance is very successful is that foreign investors have a stake in its economy, in other words they are working for Dubai's success. It is very smart to align interests with the controllers of global financial capital .
@ABN_Youtube
20 күн бұрын
@@ONUCHEJAT something similar to the success of Singapore UAE Malaysia Also these countries have in common including Saudi Arabia is the strategical geoeconomical location. Saudi isn't trying to make a luxury life its trying to sell it !
Unsustainable. Don't waste money Saudi
@wionporky9937
27 күн бұрын
Comparing to US who spent 2 Trillions in Afghanistan, it is nothing 😂. Ie 2 000 billions= 2 Trillions
@Pushkar797
27 күн бұрын
I think usa laying It spent around 1 trillion dollars in Afghanistan. And they were using their Home made weapons so money came back to them indirectly. @@wionporky9937
@Hkchinese888
27 күн бұрын
@@wionporky9937 US can print $ as much as they can, and the rest of the world pays the final bill, including you.
@THEeaternalpeople
27 күн бұрын
@@wionporky9937Lol,87% of money go back to USA through their defense companies🤣 and rest to European countries Fool just don't read headlines,read full news😊.
@THEeaternalpeople
27 күн бұрын
@@wionporky9937Lol,87% of money go back to USA through their defense companies🤣 and rest to European countries Fool just don't read headlines,read full news😊
I thought Chinese economy is collapsing!! That's what this Indian lady and all western media said daily!
@FahadAbubakari
26 күн бұрын
Soon she will be tired of talking bad about China nothing she said has been really last yr she said China economy is going down by unimaginable rate yet still nothing happened its an Indian mentality to talk bad about China hence they can't be near China in development China is not Pakistan only one nation China will have a point to think of is USA, India to date they have building toilets campaign how Can they even think to compete with China.
@rebeccaaldrich3396
22 күн бұрын
It seems to be.
@JamesWillis-yy5px
22 күн бұрын
They are experiencing deflation, and GDP growth. AKA, their currency is getting stronger, and the economy is getting bigger.
@rebeccaaldrich3396
22 күн бұрын
@@JamesWillis-yy5px looks like you believe the CCP data. 😜
@aniksamiurrahman6365
20 күн бұрын
@@rebeccaaldrich3396 Only if u follow Indian and westwern news. The reality is a bit different tho. China has purposefully popped some growing bubbles in their economy, put some strict regulation to put an end to many unsustainable things etc. That caused some turmoil, but that's a controlled descent, not a collapse like 2008 USA. And Chinese economy is actually recovering from that. And tho the period of massive rapid growth may never resume, China will probably maintain 4-5% annual growth. It's more like Chinese economy is in transition, nothing more.
Africans, South Americans and Asians must be invited in order to get a different approach promoting the Saudi Mega-project NEOM's city
Neom - a target the Houthis can't miss. Where do I invest?
@techmantra2526
14 күн бұрын
😂
Oh Arabia how generous you have been to us Arabians from your sky came the revelation to mankind From your ground came blessings of oil Arabs also never left you Arabia struggling with your dry climate And you never left us For a land of so much pride can only deserve a People so proud
@PHANTOmIND8
21 күн бұрын
pride took ibless out of heaven.
@ABN_Youtube
20 күн бұрын
@@PHANTOmIND8 Thats called arrogance! Arrogance is like what you are doing now. Pride is different , pride has no envy ! هناك فرق بين التكبّر والفخر فبلا تكبّر ولا تحسد الناس
Soon all mega fools jogging on the line...🤟
Collapse of the Saudi currency 😊
@sunilkumarcheruvu
27 күн бұрын
linked to us currency
@RoseRose-gk6ku
27 күн бұрын
Before their currency collapse, your currency will sure collapse first.
@SaudiArabianball
25 күн бұрын
it will never collapse, stop dreaming kid
@SaudiArabianball
25 күн бұрын
The Saudi Riyal is one of the strongest currency in the world
@RoseRose-gk6ku
25 күн бұрын
To SaudiArabianball. Saudi Arabia is a wealthy rich country & a big giant in West Asia. Your country is full of 🛢️🛢️🛢️🛢️🛢️🛢️🛢️🛢️🛢️🛢️.
Saudi hunts for cash? Are you kidding?
@lakhansajnani1728
28 күн бұрын
500 billion dollars...are you kidding 😂Saudi did not have much cash in reserves they earn from oil only ...so why they will spent all on this
@natsumidesu8019
28 күн бұрын
No she’s not kidding can you imagine from the past 50 years the amount of per barrel of oil exceeds to 100 USD but since the pandemic came and transition of gasoline engine cars are replaced by EV’s the amount per barrel plumeted and demand became low, so KSA is not what you thought before.
@Chaos_rider_666
28 күн бұрын
Lol bro saudi's entire GDP is just 1 trillion and u know how much they spend for welfare schemes? Literally 70% of it will be gone also 500 billion is just what Saudi government is willing to spend but the real cost of completing neom project will be over 1-2 trillion dollars from the beginning itself their plan is to attract investment from western countries but since this failed they are now looking towards china
@mcearth3592
27 күн бұрын
It is always a good business practice to risk other people's money than using your own when you are not sure how it is going to turn out.
@bharatmatha1877
27 күн бұрын
Yes Aramco is in loss 25% loss last year...it's end of Arab era
😗😗😗😗 *Okay.. I have got it that Saudi Arabia doesn't want to depend on OIL anymore. That is the reason Neom is being built but but I wanna know that ""Why is Neom being built like Straight line??""" 😅 doesn't it seem weird?* Anyways I appreciate themm!
@thabzmad7265
27 күн бұрын
It makes sense from infrastructure financing perspective, instead of water pipes, roads and railway tracks zig zaging 50K miles all over the desert, you save money by having them all in a single file covering only 5K miles to get everyone the infrastructure and public resources.😅.. Only if you don't go half a mile high skyscraper throughout that is...
I like the way this woman connects the dots to give an explanation that can be understood by almost anyone who follows her.
@aniksamiurrahman6365
19 күн бұрын
Only, this isn't quite correct. She's a brilliant news anchor tho.
Imagine Dubai like rains in The LINE 😂
@novakrypton5841
27 күн бұрын
it would be covered from the top
@SaudiArabianball
25 күн бұрын
Saudi will do something to prevent flooding in the Line, you can't judge until you see
@calvinhoward3808
23 күн бұрын
@@SaudiArabianball and it would still be a horrible idea!
@SaudiArabianball
23 күн бұрын
@@calvinhoward3808 Nah it won’t
@KhaledAbdel-rg2ip
15 күн бұрын
Isn't that already prepared?😂😂😂
500 billion dollars man that is too much 😮😮😮
@Chaos_rider_666
28 күн бұрын
No way they can finish all those projects in 500 billion dollars the whole of neom intiative covers over 12 or so projects each more insane than other atleast it will cost over a trillion dollars even for a oil rich like Saudi it's impossible to gamble on it this whole project is just a scam to gather tourism and investment
@wionporky9937
27 күн бұрын
Comparing to US who spent 2 Trillions in Afghanistan, it is nothing 😂. Ie 2 000 billions= 2 Trillions
@theone8594
27 күн бұрын
To help clarify it. One THOUSAND(1,000) BiLLIONS equals 1 TRILLION.
@iimcrandomgamer711
27 күн бұрын
@@wionporky9937 They also have gdp of morethene 20trillions
@QuantumChrist
27 күн бұрын
@@wionporky9937, 1 trillion to Help Afghanistan people yet they are still poor. But money was worth it, Afghan oil is amazing 🤑🤑🤑
Why this channel obcession with china?
@hinahina8259
27 күн бұрын
Its indian channel
@vaishakviswam1970
27 күн бұрын
Vice versa too....Chinese bots obsessed with Indian channels.
@sundarkc9846
26 күн бұрын
Chinese don't care poor slaves 😅
@aniksamiurrahman6365
19 күн бұрын
@@vaishakviswam1970Chinese media almost never talks about India. They are too bz reporting their own success.
@aniksamiurrahman6365
19 күн бұрын
@@The-Amazing-Wizard Glorifying India too much.
Been there last month. Yes, work progress seems slow. But damn, it is a mega mega plan. Can't be built in a few years. Ground work is in full swing. Hope KSA will be able to achieve it's goal 🇸🇦💛
@aniksamiurrahman6365
19 күн бұрын
World's largest jail? Will u live there? Given how Burj Khalifa and Palm island is doing financially, what do u think is gonna happen to this one, given at least some part is completed.
its really a secret pipeline for oil to avoid the shipping lanes near iran...very smart
@rrb634
27 күн бұрын
😂😂😂 Good one
@oujisanhikari18
26 күн бұрын
u invest billions to move oil? really? that's alot of money
@JamesWillis-yy5px
22 күн бұрын
Nope, it's a wall. Obviously. To keep the ocean out.
@teddymoon3744
21 күн бұрын
@@oujisanhikari18 pipeline vs shipping...really? lol... shipping cost are out of control
@teddymoon3744
21 күн бұрын
@@rrb634 expand your small mind. read a book harry potter
Unnecessary effort and Expense, still didn't understand what's the point of the Line concept. Why not a regular futuristic city. The practicality is a concern, this is the visionary difference between the UAE and Saudi.
@JamesWillis-yy5px
22 күн бұрын
I am betting it doubles as a wall. To keep rising oceans out.
Glass cage prison
@SaudiArabianball
25 күн бұрын
Jealous 😂🤣
Nadhmi Al-Nasr, 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.
Yes, let’s see what to accept
The desert could not be claimed or owned- it was a piece of cloth carried by winds, never held down by stones, and given a hundred shifting names.- Michael Ondaatje
Per Palki: what about India? SA: what about India?
@peterneil6859
26 күн бұрын
india can bark 24 hrs self praise, boasting and mocking others, but in reality india is nothing 😂😂😂😂😂
@Covid_Liberation_Army
13 күн бұрын
Indian economy is best performing economy in the world. Just go and check😂
In their official documents there are mentions of techs that are still Sci-Fi movie stuff. I wonder who wrote that and why his head is literally intact so far 😅
From where will they get the water for these many people? By the way, these people must be ultra rich people who would prefer to buy the house or apartment there. They waste lot of water and hence need ample water for their daily needs.
With $500 billion, they could breathe life into arid deserts, transforming them into thriving ecosystems. Imagine the sun-kissed sands now adorned with lush greenery, resilient trees, and vibrant flora. Turn desolation into hope, proving that even the harshest landscapes can bloom with care and vision. 🌱🌵🌎
2:30 I don't understand why make a long line where you can expand in all sides?
The Prison City 😂 imagine people are willing to be jailed for no reason if they live in underground prison city
Good to invite China on NEOM. China likes A Great wall-like constructions.
How it is seen on general on the media: MBS Failed, game over go home. Reality: Neom launched and much focus was dedicated to it. Suddenly Saudi won the host of 2034 World cup plus Expo 2030. You have to choose and prioritize now.
It would have been nice for this to have been built ... Just so we can see what's possible.
Madness has no boundaries
Apart of Line everything is fine
I prefer Dubai.....❤❤❤
@5RoadsSalem4
26 күн бұрын
@LeenaShikhaPatelcan you please enlighten me, why everyone prefers Dubai ? What is the big deal about Dubai ?
@5RoadsSalem4
25 күн бұрын
@LeenaShikhaPatel Born and bred in Salem-Tamil Nadu, India. Living in North Western England for sometime.
The visit included detailed presentations and focus sessions led by NEOM’s top executives, aiming to forge strategic partnerships that align with the development's Environmental, Social, and Governance (ESG) commitments.
Wait til 5 years... Dust will cover the neom tracks
It looks beautiful but I do question sustainability with climate change Are change
@aryaman05
27 күн бұрын
Have you read the tech. or design detail of this project... it's 100% sustainable, at least it's desinged that way.
Just like Bullet Trains of Modi
Make it in circumference of circle. And the centre part is fully covered with greenery, good artificials fountains , lakes with wildlife. Put some subways lanes passing through centre . That would attract people to live The straight line , its a boring concept.
@JamesWillis-yy5px
22 күн бұрын
A strait line doubles as a wall.
Once a desert always a desert. No amount of money can change that
Build a City, make it tax free for a Decade.... A better idea than this
😂😂😂 it's will cost more than 1 trillion 😂😂
@Chaos_rider_666
28 күн бұрын
Rightly said bro neom covers over 11 or 12 projects each more ridiculous than other not to mention the sustainability factor.....
It's a futuristic city but requires heavy investment.
Even those 2.4km would be a challenge with a budget of 500 billion Dollars. Just compare it to the cost of a modern 500m skyscraper…
.... Next, imagine we have the Zombie outbreak in the line.
Saudi should go look for India, the galaxy’s #1 superpower. Don’t let Chinese debt trap Saudi.
but why a line, why not a circle?
KSA should make this project in blocks of 10kms.. The first 10km will already determine the fate of the remaining 160km. It's the weirdest idea ever and I can imagine, no one would have dared to speak in front of MBS.
china: we have a real estate crisis saudi arabia: can we have your money to fund a real estate project that is currently failing?
This is still better than setting something on moon
This perfect utopia if perfect should not need any final injection to complete. MbS may not have taken into account the Cost overrun for Noem for having a civilization in the Middle of the Arabian Desert. This transformation by the Ssudis to promote Desert living is an innovative approach.question will renewable energy be implemented . Also how is the construction designed to withstand the sand storms etc. Great reporting
I see pride
If someone could build and finish this project in time , then China would be only one who to ask for help.
The better option would be to turn the desert into lush green Prime Real Estate section by section. And then market it similar to Du Bai, Abu Dahbi, Oman, etc
😂😂😂😂😂😂 died at "a fake moon" 😭😭😭😭🤣🤣🤣🤣 like why? WHY???
Saudi citizenship is a non guaranteed program. Investors have fears about property buyers...
My father always say, it's not about how much you make, it's about how much you spend.... Now, I understand...
I had a feeling this wouldn't go far;this young Prince was mesmerized by Saudi riches,not knowing things just change. The speed and what he made his fellow young leaders go through is coming back to haunt him: karma!!!! Trying to compete with Dubai which has taken a long time to get to where it is.
no wonder i dont see the NEOM adds on twitter anymore
There are many great things about this idea but from a logistical perspective, strength line isn't efficient at all.
It was a stupid idea by MBS. We have said it before. This type of projects can sink an economy Japan has never recovered from its bubble...
It's like California city dessert. Built then abandon.
@Vinay_Thakur108
27 күн бұрын
Which City??
Especially now that Namibia has discovered the largest oil reserves in the world. Arab oil reign is over
How is there a shortage of funds everywhere? What's wrong?
@dumpmail555
27 күн бұрын
They just don't want to spend their own money, that's all.
Neom designer: we love oil so much here in the ME that we designed a city that looks like an oil pipeline so we could live in it.
I think it would've been a much better idea for Saudi Arabia to take NEOM to Mars. I will invest if they have a change of heart.
Do not understand why they are building altogether instead of step by step approach. They don’t know the impacts of such mega projects, still they jumped into it.
The Arabs said we drive cars . Our sons fly planes and our grand chilldren will ride camels
What if one big storm will come 5-10 years later and traverse thru the 170km line?
Must go development
Like a buyout scheme? Dangerous.
Just tried to make comment. My comment was not posted. So - I will try again. The Line is not the only project. I fear if the Line does not get built and investors either pull out or do not invest, the reputation of the Crown Prince won't be the only thing that he will have to worry about.
How many Middle Eastern or Arabian countries/nations are dust free & free from pollution ? Can't wait to implement their maintenance secrets in India, and neighbouring nation states.
Cost per m2: 500.000.000.000/(170000*100*(500/3,5))=€ 205,88. That is far too low to build the line Cost per inhabitant: 500.000.000.000/9.000.000=€ 55.555. That is not enough to build a house/appartment. Let alone hospitals, offices, transportation etc. Conclusion: The Line will cost at least several trillion.
@lincolnmike1031
16 күн бұрын
The math is 10 trillion USD, and this is a conservative estimate
I love Saudi Arabia i just don't like the fact that The Line will be built on Mount Sinai. Meaning they will destroy Mount Sinai. Other than that im fine
Indonesian New Capital City is more realistic project, but it failed to gain foreign Investment. The project continues anyway with or without foreign investment
I am happy past 7 years
If I am China they'd have to guarantee it with oil futures.
The Line was likely the worst large scale architectural project undertaken by man, ever.
Babylonia in the making 😂😅.. the Saudi startup
The city will be gravity-free
😂 good luck! Hopefully they get it all in renminbi!
It will be like sinking Dubai when it rain.
It's going to cost trillions of dollars and never be completed.
It looks dystopian.😂
It was going to be build by China. So surely it will be build. China is the only country that have the construction skills and technology to help other countries to build all the mega projects around the world through belt and road initiative. No desert, earthquake, mountain can stop China from building any mega projects around the world. Even America and it allies need china help to build the high speed rail
@maryammohammdi6413
27 күн бұрын
Chinese people are very smart 😢❤
Tignan natin sa June. Pag dina masiyado need nang mga bansa then. We will
India Media Story Teller Pakli said *China's economy is FALLING* Saudi should go to India instead.🤣
The Neom city still doesn't make sense to me. Why would you not create an innovative and smart green city next to Riyadh?