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Screenshot 2025 03 09 at 9.24.16PM

Neom is reportedly turning into a financial disaster, except for McKinsey & Co.

Posted on March 10, 2025

A new WSJ Report It suggests that Saudi Arabia’s eight-year-old Naum Project-a future, carbon neutral, 105-mile-long linear city, which has been imagined by Prince Mohammed bin Salman, has become a financial constituency.

According to an internal audit presented to the Naum Board last summer, delays and costs, the country, which has already achieved $ 50 billion in number, may have been allegedly facing another 55 years of construction, with a surprising expected cost of $ 8.8 trillion. The journal noted, it is more than 25 times the annual budget of Saudi Arabia.

The situation is beginning to match Saudi Arabia Water LowMBS misunderstood the memorable challenges included in its strategy, as Napoleon did before. The strong facts threatening to remove the project are inadequate wages, inadequate roads and lack of electricity.

However, there are some winners. The alleged advisory Vishal McKeni and Company has been earning more than $ 130 million annually for its services, despite some controversy over its role, according to the story, in view of both involvement in both the project’s financial planning and verification. A spokeswoman for McKenny told the WSJ that the firm “has a strict protocol to stop the interests of the interests in our engagements.”

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