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Saudi Arabia is scaling back its NEOM project due to massive costs and delays, cutting plans drastically and shifting focus to AI and logistics.
Saudi Arabia is drastically scaling back its NEOM megaproject due to cost overruns exceeding $8 trillion, delays, and financial pressure from low oil prices.
The Line, once planned as a 170-kilometer car-free city for nine million people, is now expected to house fewer than 300,000 by 2030, with only 2.4 kilometers built by late 2025.
The 2029 Asian Winter Games in Trojena have been postponed, and key components like Oxagon and Sindalah are behind schedule.
The Public Investment Fund wrote down $8 billion on NEOM assets in 2025 and is shifting focus to AI, data centers, and logistics.
A new CEO initiated a review that led to workforce cuts and halted contracts, signaling a pivot from Crown Prince Mohammed bin Salman’s original Vision 2030 ambitions toward financial sustainability.
Arabia Saudita está reduciendo su proyecto NEOM debido a los enormes costos y demoras, recortando drásticamente los planes y cambiando el enfoque a la IA y la logística.