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Home News NEOM

Neom uncertainty leaves $10bn JV in limbo as PIF reprioritises

Newsroomby Newsroom
March 10, 2026
in NEOM
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  • Planned deal with DSV ‘not operational’
  • Company holds exclusive logistics rights
  • Contracts issued by PIF fall sharply

A multi-billion dollar joint venture between Saudi Arabia’s giga-project Neom and DSV, one of the world’s largest logistics groups, remains in limbo as tighter fiscal conditions force the kingdom to reassess priorities.

The $10 billion joint venture between Neom and DSV is emerging as a test case for how the kingdom’s project reprioritisation is leaving private sector partners exposed, with capital…



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