How Saudi Arabia is HIDING its own Downfall? :Geopolitics Case Study

On 10th of Jan 2021, the Saudi Crown Prince Mohammed bin Salman made the grand annoucement for the plan of the line city in the Saudi Arabia and this is by far one of the craziest projects ever witnessed by mankind!!! And while most people are fascinated by the grandeur of the Neom city, what we fail to see is that, this is Saudi Arabia's desparte attempt to cope up with an economic nightmare. Yes you heard that right, one of the richest nations in the world is facing an economic nightmare that is hidden in plain sight.
The question is,
What is this hidden problem with Saudi Arabia?
What is this NEOM or line city project?
How is NEOM meant to resc ue Saudi Arabia?
And why do people think NEOM is meant to fail the state of Saudi Arabia?

To understand the importance and the vision of the Neom city, we first have to understand the economic scenario of Saudi Arabia. You see the core reason why Saudi Arabia is super powerful is because, it is the 3rd largest producer of oil in the world. and more importantly, it also has the second largest oil reserve in the world.