Saudi Arabia has announced a major shift in its approach to Neom, the megaproject originally designed to transform a vast stretch of desert on the Red Sea into a futuristic economic hub. After years of delays, budget overruns, and strategic reassessment, Riyadh is significantly scaling back the plans for Neom and its most iconic component, The Line.
The project was launched as part of Crown Prince Mohammed bin Salman’s Vision 2030 economic diversification plan, intended to reduce Saudi Arabia’s…
