8min chapter

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Cautiousness in the Caucasus: Azerbaijan and Armenia clash

Economist Podcasts

CHAPTER

NEOM: Saudi Arabia's Vision and Economic Challenges

This chapter explores Saudi Arabia's NEOM project, a $500 billion futuristic city brimming with technology, and assesses its financial viability amid fluctuating oil prices shaped by global events. It also examines the broader economic landscape of Gulf states, focusing on sustainable investments and the strategic management of resources in response to rising inflation and national debt. The discussion highlights the complex tension between immediate economic pressures and the long-term vision of a world beyond oil dependency.

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