Why is the Neom project, which was supposed to be the city of the future, collapsing?

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When Saudi Arabia's Crown Prince Mohammed bin Salman looked at the map in his hand, he saw not just a yellow, hot nothingness but "The Line," the most ambitious structure in human history, defying the laws of physics. The story we were told was straight out of a Hollywood science fiction film: a vertical civilization, hidden within 500-meter-high mirrored walls stretching 170 kilometers, car-free, carbon-emission-free, and entirely governed by artificial intelligence, was envisioned. Riyadh claimed to have rewritten all the rules from scratch, saying, "Forget the old world cities," but the harsh realities of the desert and the harsh winds of the global economy may be about to bury this trillion-dollar dream in the sand.

News from the NEOM field in recent months has completely dimmed the shine of those grandiose launches. The initial target of a massive metropolis, intended to house 1.5 million people, was quietly revised from 170 kilometers to a "pilot zone" of just 2.4 kilometers. This means the project will shrink by 98 percent, effectively ending trillion-dollar dreams. So why is Saudi Arabia, which set out to build a post-oil future, falling into its own self-dug financial pit? Why are Western investors fleeing without a backward glance? What did engineers find on the desert floor, and were billions of dollars truly wasted on a mirage?

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