Saudi Arabia Reassesses The Line as Construction Advances Under New CEO
Consultants hired by the Public Investment Fund will reassess the zero-carbon city's viability under tightened budgets driven by slumping oil revenue.
ground.newsThe Line was seen at consultant briefings by consultants reassess feasibility under tighter budgets; New leadership delays beyond original timelines. Launched under Vision 2030 to be a 170-km car-free city aimed for up to 1.5 million residents by 2030; updates suggest a substantially smaller population with limited early construction progress. Budget pressures from fluctuating oil revenue plus leadership changes at NEOM contributed to a scaled-back outlook with revised milestones.
Consultants hired by the Public Investment Fund will reassess the zero-carbon city's viability under tightened budgets driven by slumping oil revenue.
ground.newsGet the latest updates on Saudi Arabia from Gulf Insider.
www.gulf-insider.comSaudi 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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