Saudi Arabia has cancelled key NEOM construction contracts amid rising costs and escalating tensions with Iran, forcing a strategic rethink. The futuristic mega-project, central to Vision 2030, is now being scaled back amid investor uncertainty, regional instability, and competing priorities, including Expo 2030 and broader economic diversification efforts.
Riyadh- Along Saudi Arabia’s remote Red Sea coast, where mirrored walls were meant to rise from the desert and stretch for miles, a quieter reality is beginning to…
