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Speaking of missing things. Uh, I'm guessing you missed the OP? > "The Neom giga-project in Saudi Arabia is currently using one fifth of all the steel produce
by A_D_E_P_T 2y ago
Speaking of missing things. Uh, I'm guessing you missed the OP?
> "The Neom giga-project in Saudi Arabia is currently using one fifth of all the steel produced in the world, an official said on Monday."
The key word there is "currently." It is also, emphatically, not the case. So perhaps the guy misspoke and was making a forecast, but that's not what was claimed.
What might happen a decade hence, if the Saudis build out capacity, is another matter entirely. I don't doubt their ability to spend vast sums of money on steel and concrete. Who knows whether or not they'll go through with it?
- defrost 2y agoSaw it, ignored it, clearly a translation error. I hadn't realised you had taken it seriously. Explains a lot. Most people in my experience would take all of this as planning and logistics, not as a current reality. After all, further down: Neom’s demand for steel meant “we are 20 percent of the global steel market. If you look at our demand in elevators, cement and so on … put simply, Neom is going to be the largest customer over the next few decades,” Al Moneef said. It's all in the context of planned demand.