80,000 Nepali workers at risk as Saudi Arabia’s $9 Trillion NEOM Megacity faces massive scale-back and uncertainty
▸ Part of: Nepali Workers Face Uncertainty as Saudi NEOM Project Scales Back; Flights Resume to Kuwait
Thousands of Nepali migrant workers are facing an employment crisis as Saudi Arabia scales back its ambitious NEOM mega-city project, canceling major contracts. An internal audit suggests NEOM could cost nearly $9 trillion and take over 50 years to complete, forcing Saudi Arabia to shift financial focus to other goals like the 2030 World Expo and 2034 FIFA World Cup. The crisis threatens Nepal's economy, with potential monthly losses of over Rs 2.36 billion in remittances if affected workers return.
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