Published in The National
In October, Saudi Arabia announced its latest mega project, Neom, a US$500 billion city that could transform the economy and culture of the kingdom’s Red Sea coast. Like other Arabian Gulf countries, most notably the UAE, Saudi Arabia has an affinity for reforming its economy with high-profile mega projects, far removed from the mundane nature of state-led economic activity in western economies. What accounts for this Gulf idiosyncrasy?
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