The scale of investment projects has been steadily increasing over the last three decades – gone are the days when US$100-million price tags impressed. Now, Azerbaijan’s Khazar Islands artificial archipelago, Turkey’s urban renewal drive in Istanbul and Saudi Arabia’s Masjid al-Haram are just a few examples of projects set to exceed US$100 billion. NEOM, a futuristic city spearheaded by the Saudi Crown Prince, is expected to top US$500 billion. With …

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