Saudi Crown Prince scales back Neom project, focusing on 13 "giga projects" under Vision 2030.

Saudi Arabia's Crown Prince Mohammed bin Salman has addressed scaled-down plans for the country's $500 billion Neom project, despite previous assurances. The Gulf state's de-facto ruler is also developing 13 "giga projects" worth trillions of dollars, including an entertainment city near Riyadh and multiple Red Sea island resorts, as part of Vision 2030, an economic diversification program to transition away from oil dependency.

June 23, 2024
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