Experts have warned that Saudi Arabia's $8.8 trillion giga-project is on the brink of collapse. Saudi Arabia's massively expensive futuristic city project, NEOM, appears to be falling apart. A new Financial Times report, based on insider sources, paints a grim picture of chaos and failure at the heart of the ambitious scheme.

But according to FT sources, the project is looking more like an absurdly expensive fantasy that will never actually happen. So far, at least $50 billion has been spent and the desert is now littered with construction debris, deep trenches and unfinished foundations. Yet Prince Mohammed, who chairs NEOM, has dramatically scaled back the first phase of plans.

NEOM told the FT that THE LINE remains 'a strategic priority' that will ultimately 'provide a new blueprint for humanity by changing the way people live.' However, they described it as a 'multi-generational development of unprecedented scale and complexity.'

The Financial Times (FT) all but pronounced last rites over NEOM, calling it a “dream unraveled” in a lengthy article last week that made it clear almost everything has gone wrong – from the rude discovery that hanging a 30-story building from a titanic arch was a lot harder than concept designers thought it would be, to the biggest rookie mistake of architects since time immemorial: forgetting that poop flows downhill. The executive director of the project decided to build a network of hundreds of shuttle cars to handle the pungent fruit of NEOM’s thousands of toilets.

Construction has slowed across NEOM, with the only site still moving at pace being TROJENA, a desert ski resort intended to host the 2029 Asian Winter Games.

There were supposed to be people living in NEOM by 2025, and the first phase, which would have been among the largest construction projects in the world on its own, would be completed five years later. The entire structure was projected to cost $1.5 trillion in 2021.

Read the full story at UniLad Tech and Breitbart