A surprising new claim about the amount of steel being used to construct NEOM’s new The Line megacity and other satellite developments is being advanced by several regional outlets, which claim the amount equals one-fifth (20%) of the world's current steel production.
The claim was first published by the website Arabian Gulf Business Insight on Monday after NEOM's chief investment officer told the outlet about its forthcoming status as "the world’s largest customer for construction materials" for possibly dozens of years.
It comes after the announcement of new concrete production facilities across the country that augment construction of the more than $500 billion plan. The Line's initial phase of construction has been reduced to span just 2.4 kilometers (1.5 miles) by the end of the decade.
3 Comments
This estimate based on the entire project? Hard to believe, but even if remotely true, think about what it will do the price of steel. And the Saudis will pony up.
What is the full price of megalomania?
how many slaves will be consumed?
It's hard not to think of a bigger waste of money and recourses.
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