Oman’s $2.6B ‘Smart City’ Megaproject Is Disrupting the Dubai Archetype | WSJ Breaking Ground

The Wall Street Journal August 30, 2024
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Muscat, Oman, sometimes described as the anti-Dubai, is trying to modernize as it looks toward an economic future without oil. But can it create a new model of a Middle Eastern city or will it succumb to the glitzier approach of its neighbors like the Line in Saudi Arabia or Egypt’s new capital? WSJ explores the new project aimed at modernizing Muscat and explains why it’s important to the country. Chapters: 0:00 Muscat 0:51 The project and why it’s important 2:30 Dysfunctional housing policy 4:21 Tourism and international investment 6:40 What’s next? Breaking Ground Breaking Ground digs into megaprojects around the world, uncovering what these developments might mean for the surrounding region and the ultimate costs. Why China is building its first megaport in Peru: https://on.wsj.com/3Tb0WTD #Oman #Megaprojects #WSJ

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