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 attended visiting board meetings with consultants reassess feasibility under tightened budgets; Under new leadership delays past initial targets. Unveiled as part of Vision 2030 planned as a 170-km car-free metropolis initially targeting 1.5 million residents by 2030; updates suggest a far smaller population and limited early construction progress. Budgetary pressures from fluctuating oil revenue plus leadership changes at NEOM have contributed to a scaled-back outlook with 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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