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World

The strange tale of NEOM: Saudi Arabia’s struggling desert megacity

24 April 2021

4:30 PM

24 April 2021

4:30 PM

Prince Mohammed bin Salman is desperate to shake Saudi Arabia’s addiction to oil. Its price has still not recovered from an American fracking boom seven years ago, and decades of excess have left the world’s largest exporter now needing £55 a barrel to balance the books — more than Iraq, Libya, Oman, Kuwait, Qatar, and the UAE.

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