Continue Reading
Full article on Bloomberg
Saudi Arabia’s New Pitch to Wall Street: Less Neom, More AI
Market Intelligence Analysis
AI-Powered
Why This Matters
Saudi Arabia is shifting its focus from the ambitious Neom project to investing in AI, potentially signaling a more cautious approach to mega-infrastructure projects.
Market Impact
Neutral to slightly positive, as the shift towards AI investments may lead to increased demand for tech stocks and related industries.
Sentiment
Bullish
AI Confidence
60%
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
In 2017, Crown Prince Mohammed bin Salman sat alongside Steve Schwarzman and Masayoshi Son at the first iteration of Saudi Arabia’s annual financial summit to unveil a next-century city called Neom. The two billionaire investors were quick to heap praise on the $500 billion plan that envisioned a metropolis with more robots than humans and enough solar panels to fill out the Great Wall of China.
Original article published by
Bloomberg
on October 23, 2025.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.