Saudi Arabia News - Gulf Insider
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www.gulf-insider.comThe Line megacity was seen at consultant briefings as consultants reevaluate viability amid slumping oil revenue; Under new leadership delays push completion beyond the original timelines. Launched under Vision 2030 with a 170-km car-free design targeting up to 1.5 million residents by 2030; updates suggest a far smaller population with limited early construction progress. Budgetary pressures from fluctuating oil revenue and leadership changes at NEOM lead to a scaled-back outlook with revised milestones.
Get the latest updates on Saudi Arabia from Gulf Insider.
www.gulf-insider.comConsultants hired by the Public Investment Fund will reassess the zero-carbon city's viability under tightened budgets driven by slumping oil revenue.
ground.newsSaudi Arabia's The Line project in NEOM has been suspended by several years, and work now won't start until beyond 2030. This is rough.
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