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Saudi Arabia's Dystopian Futuristic City Project Is Crashing and Burning

2 months 1 week ago
An anonymous reader quotes a report from Gizmodo: It appears that Neom -- Saudi Arabia's hugely expensive, architecturally bizarre urban development project -- is floundering and close to collapse. A new report from the Financial Times cites high-level sources within the project to paint a picture of dysfunction and failure at the heart of the quixotic effort. Neom was envisioned as a vast series of fantastical urban developments spread across the coast of the Red Sea. At the center of the project is The Line -- a proposed 105-mile-long city which developers had initially projected could house as many as 9 million people by the year 2030. The Line is defined by bizarre architectural flourishes that, as the story notes, have seemed impossible even to the execs tasked with making them a reality. One such addition is an upside-down building, dubbed "the chandelier," that is supposed to hang over a "gateway" marina to the city: "As architects worked through the plans, the chandelier began to seem implausible. One recalled warning Tarek Qaddumi, The Line's executive director, of the difficulty of suspending a 30-story building upside down from a bridge hundreds of metres in the air. 'You do realize the earth is spinning? And that tall towers sway?' he said. The chandelier, the architect explained, could 'start to move like a pendulum,' then 'pick up speed,' and eventually 'break off,' crashing into the marina below." Yes, that doesn't sound great. Now, according to those sources the FT talked to, the project is looking more and more like a hugely expensive pipe dream that will never come to pass: "Today, with at least $50 billion spent, the desert is pock-marked with piling, and deep trenches stretch across the landscape. But Prince Mohammed, who chairs Neom, has dramatically scaled back the first phase of the plans. Neom told the FT that The Line remained 'a strategic priority' that would ultimately 'provide a new blueprint for humanity by changing the way people live.' But they described it as a 'multi-generational development of unprecedented scale and complexity.'" The outlet interviewed workers on the project who seem to feel that it's only a matter of time before the project is declared DOA: "While Neom employees say that much of The Line might still be technically buildable, they are not convinced anyone is ready to pay for it. Construction work across Neom has slowed, with the desert ski resort Trojena, the intended venue for the 2029 Asian Winter Games, one of the few sites still moving ahead at pace ... one former employee has said that everyone knows the project won't work; it is now just a matter of letting MBS down gently." Chief among the project's problems is the fact that, as Neom's bizarre developments have failed to materialize, it has become increasingly difficult to encourage investors to put up money for the absurdly expensive project. FT notes: "Senior executives were constantly asking for more money, but The Line was competing with other Neom projects. Some wealthy Saudi families put modest sums into the project, but the large investments Riyadh hoped to lure from foreign backers never materialized." The lack of adequate funding coming in has led a senior construction manager to tell FT that he feels the Line will never be built.

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A Jailed Hacking Kingpin Reveals All About Cybercrime Gang

2 months 1 week ago
Slashdot reader alternative_right shares an exclusive BBC interview with Vyacheslav "Tank" Penchukov, once a top-tier cyber-crime boss behind Jabber Zeus, IcedID, and major ransomware campaigns. His story traces the evolution of modern cybercrime from early bank-theft malware to today's lucrative ransomware ecosystem, marked by shifting alliances, Russian security-service ties, and the paranoia that ultimately consumes career hackers. Here's an excerpt from the report: In the late 2000s, he and the infamous Jabber Zeus crew used revolutionary cyber-crime tech to steal directly from the bank accounts of small businesses, local authorities and even charities. Victims saw their savings wiped out and balance sheets upended. In the UK alone, there were more than 600 victims, who lost more than $5.2 million in just three months. Between 2018 and 2022, Penchukov set his sights higher, joining the thriving ransomware ecosystem with gangs that targeted international corporations and even a hospital. [...] Penchukov says he did not think about the victims, and he does not seem to do so much now, either. The only sign of remorse in our conversation was when he talked about a ransomware attack on a disabled children's charity. His only real regret seems to be that he became too trusting with his fellow hackers, which ultimately led to him and many other criminals being caught. "You can't make friends in cyber-crime, because the next day, your friends will be arrested and they will become an informant," he says. "Paranoia is a constant friend of hackers," he says. But success leads to mistakes. "If you do cyber-crime long enough you lose your edge," he says, wistfully.

Read more of this story at Slashdot.

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