Neom City Project in Saudi Arabia Has Some Risks to Ponder
With Saudi Arabia expected to start placing orders related to the Neom City project in 2023,
Chinese President Xi Jinping
is embarking on a trip to Saudi Arabia on Dec. 7.
China’s participation
will heat up the competition to win multibillion dollar orders.
Currently,
the Saudi Arabian government has only presented a sketch of the new city.
Industry insiders predict that orders for each construction item will pour in from next year.
However, there are many things to consider, such as the absence of a detailed business plan for the US$500 billion project,
political risks, investment risks and a shortage of raw materials, experts say.
Among them, analysts say that
political risks surrounding Saudi Arabia are beyond what Korean companies can handle “Have you ever heard of American and European companies investing in Neom City?” said an official of a large Korean construction company.This is because the project has not only technical problems but political risks, including conflicts between Saudi Arabia and Western countries on human rights issues.
In October,
European human rights groups
strongly criticized the Saudi Arabian government after a native of Neom City’s proposed area was sentenced to death for opposing demolition work.In response to the West’s negative attitude, Saudi Arabia is actively pursuing cooperation with South Korea and China.
Chinese construction companies
have been included in the President Xi’s delegation to Saudi Arabia.“The more Saudi Arabia strengthens cooperation with China, the more negative the U.S. and Europe will become towards the Neom City project,” quipped an official of the Korean construction company.
Korean construction companies also point out that the Neom City project
does not have a transparent schedule.“The biggest problem with the project is that it is promoted in a closed and opaque way,” said an overseas order-taking manager at a large Korean construction company.
– Businesskorea
http://www.businesskorea.co.kr/news/articleView.html?idxno=105522
Le projet Neom City en Arabie saoudite présente certains risques à considérer
Alors que l’Arabie saoudite devrait commencer à passer des commandes liées au projet Neom City en 2023,
Le président chinois Xi Jinping
se lance dans un voyage en Arabie saoudite le 7 décembre.
Participation de la Chine
réchauffera la concurrence pour remporter des commandes de plusieurs milliards de dollars.
Actuellement,
le gouvernement saoudien n’a présenté qu’un croquis de la nouvelle ville.
Les initiés de l’industrie prévoient que les commandes pour chaque élément de construction afflueront à partir de l’année prochaine.
Cependant, il y a beaucoup de choses à considérer, telles que l’absence d’un plan d’affaires détaillé pour le projet de 500 milliards de dollars,
Das Neom-City-Projekt in Saudi-Arabien birgt einige Risiken, über die nachgedacht werden muss
Da Saudi-Arabien voraussichtlich 2023 mit der Auftragserteilung im Zusammenhang mit dem Neom City-Projekt beginnen wird,
Der chinesische Präsident Xi Jinping
begibt sich am 7. Dezember auf eine Reise nach Saudi-Arabien.
Beteiligung Chinas
wird den Wettbewerb um milliardenschwere Aufträge anheizen.
Zur Zeit,
Die saudi-arabische Regierung hat nur eine Skizze der neuen Stadt vorgelegt.
Brancheninsider sagen voraus, dass ab dem nächsten Jahr Aufträge für jedes Bauprodukt eintreffen werden.
Es gibt jedoch viele Dinge zu beachten, wie das Fehlen eines detaillierten Geschäftsplans für das 500-Milliarden-US-Dollar-Projekt,