Although the Neom site was in a region few Saudis have ever visited, MBS made clear that he expected it to become a hub for national life. Within a few months of the Ritz-Carlton announcement, satellite images showed that a series of large buildings was already under construction, surrounded by expanses of greenery that stuck out sharply from the desert. It was a new palace for the crown prince, where he’d soon be spending much of his time.

Bloomberg

Incredible. $500B is hard to fathom.