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 megacity appeared at leadership sessions by consultants reassess feasibility under tighter budgets; Under new leadership delays past initial targets. Borne from Vision 2030 with a 170-km car-free design targeting up to 1.5 million residents by 2030; updates suggest a far smaller population with limited progress in early construction. Budget pressures driven by fluctuating oil revenue plus leadership changes at NEOM lead to a scaled-back outlook and 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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