The CEO of Saudi Arabia’s futuristic city Neom has launched a “comprehensive review” of the kingdom’s mega-project, signifying more belt-tightening to come with falling energy prices.
One person familiar with the review told The Financial Times on Monday that the scope of several projects surrounding Neom was being reviewed due to “an environment of limited resources”.
Neom is the flagship of Crown Prince Mohammed bin Salman’s Vision 2030 plan to transform the kingdom’s economy and reduce its dependence on oil revenue.
The…
