Bad news for Prince of Saudi Bin Salman as ‘desert paradise’ is facing a new trouble…. Why is India happy?

This day Dubai is rising because the monetary capital of the field where the field’s billionaires get their homes and locations of work. While Saudi Arabia is engaged on mega initiatives below Vision 2030, a gigantic force has reach Crown Prince Mohammed bin Salman’s manner. The Crown Prince has started the vogue of Neom city in his dry barren pickle come the Pink Sea below Vision 2030. Billions of riyals are being spent fancy water to impress this city.

Neom city is the dream project of the Saudi Prince. Saudi Arabia is spending billions of bucks earned from oil to make this city. Engineers and laborers were known as from everywhere in the place the field for this.

While Saudi Arabia is engaged on mega initiatives below Vision 2030, the falling oil prices get increased its force. This month, oil prices get fallen to a 3-year low of $68 per barrel.

Beneath this imaginative and prescient of Saudi Arabia, work started in 2016, a few of which has already started however Saudi’s belief on Neom city seems to be failing. The scale of Neom city has needed to be reduced.

The Saudi Arabian executive is now forced to lower oil production. Even after this, there may be now now not a risk of oil prices rising. Experts tell that Saudi Arabia will resolve on to lower its complete annual expenditure by 3.7 percent.

Resulting from this, Saudi Arabia will now resolve on to lower the expenditure on Neom city and diverse mega initiatives. If Saudi Arabia doesn't lower the expenditure, then the manager debt will expand a lot, which is ready to now now not be good.

The Saudi Prince has launched Vision 2030 to lower the country’s economy’s dependence on oil and is setting up the city of Neom. By this, the Saudi Prince wishes to plot international tourists and boost earnings.

By the city of Neom, the Saudi Prince wishes to compete with Dubai city of UAE.

While the tumble in oil prices has reach as a shock to Saudi Arabia, it's miles nice news for India. If oil prices remain low, inflation in India can even be controlled. Less international currencies will resolve on to be spent on oil.