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 attended leadership sessions by consultants reassess its viability under tightened budgets; New leadership delays past initial targets. Launched under Vision 2030 to be a 170-km car-free city initially targeting 1.5 million residents by 2030; early updates show a far smaller population with limited progress in early construction. Budget pressures due to fluctuating oil revenue and 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.newsSaudi 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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