Do the Saudi’s have a trillion to actually invest. It feels like Zalensky’s commitment to Macron, or various other commitments I keep hearing about. All very “check’s in the mail” vibes.
According to the article, the sovereign wealth fund PIF has many poor/toy investments and is in need of bailouts itself.
The squandering of investment money globally is unprecedented. They could literally just build (not buy!) $200 billion in affordable housing in Berlin or London and rake in 6% annually, with zero risk. Instead they build failing luxury resorts with non-functioning robot servants.
It's been rather extraordinary. The Patrick Boyle vid on Neom done about a year ago was entertaining (https://youtu.be/Ak4on5uTaTg). As might be expected that's all ground to a halt now.
https://www.nytimes.com/2025/11/19/business/pif-saudi-arabia...
According to the article, the sovereign wealth fund PIF has many poor/toy investments and is in need of bailouts itself.
The squandering of investment money globally is unprecedented. They could literally just build (not buy!) $200 billion in affordable housing in Berlin or London and rake in 6% annually, with zero risk. Instead they build failing luxury resorts with non-functioning robot servants.