Saudi Arabia Reduces Scope of NEOM Megaproject Due to Costs

Saudi Arabia is scaling back its NEOM project, a cornerstone of Crown Prince Mohammed Bin Salman’s Vision 2030, due to delays, rising costs, and unmet ambitions. The linear city “The Line” will be downsized, focusing on existing infrastructure, while other plans, like the Trojena ski resort, are also being revised. Financial pressures, including low oil prices and competing budget demands, compel Riyadh to realign its priorities towards more immediate economic returns and digital innovation. NEOM officials assert their commitment to sustainable growth as leadership changes prompt a reevaluation of the project’s direction.

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