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0 pointsDyslexicAtheist6y ago0 comments

what kind of mega projects are they involved in outside oil? I learned that they invested 40B in the SoftBank fund. Is this what you're referring to? Where would I look or what should I read to learn more about this? thanks

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aliswe6y ago

Dunno about good sources, but Neom and Qiddiya AFAIK still have prospected budgets of 500 billion dollars, each. This is of course an approximation and the actual amount is in a state of flux, so these are just two mega-parameters that are obscured by the x-dollars-or-bust statement that I hear so often.

PopeDotNinja6y ago

They're building a bunch of new cities:

https://www.index-saudi.com/more-info/saudi-mega-projects/

aliswe6y ago

Please note that these projects are not all governmentally funded and thus do not burden the state budget (affecting the x-usd-per-barrel-or-bust number) per se - Jeddah Tower is built "privately" by prince Waleed and his company if I'm not mistaken.

But, the list does match the OP title "The Saudis ..." ... hehe ...

edmundsauto6y ago

It was my understanding there isn't much difference between the prince and the company and the country. Is that inaccurate?

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DyslexicAtheistOP6y ago

thanks for this

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