Saudi Arabia Reckons with Its Costly Megaprojects as $500 Billion 'The Line' Is Reviewed

‘Utopia’: Saudi Arabia does the unthinkable

Saudi Arabia is drawing a line in the sand under the soaring costs of its ambitious “Line” skyscraper gigaproject.

Saudi Arabia seeks answers on world's biggest construction site

Officials have brought in consultants to review the feasibility of The Line, a linear city in the middle of the desert.

NEOM's Future Hangs in Balance as Riyadh Tightens Fiscal Belt

Saudi Arabia is reassessing the scope and timeline of its $500-billion NEOM initiative, according to Bloomberg and CNBC, with officials reportedly reviewing key components of The Line in response to deepening financial strain across the kingdom’s Vision 2030 infrastructure program. The move comes amid mounting vendor arrears and a liquidity crunch that has prompted an urgent reallocation of energy-sector capital and personnel. According to sourc…

Saudi Arabia reckons with its costly megaprojects as $500 billion 'The Line' is reviewed

The move by Saudi Arabia to review one of its megaprojects comes amid global scrutiny of its ambitious infrastructure agenda.

Saudi considers NEOM job cuts, relocations amid cost pressures

The ScoopSaudi Arabia’s NEOM is considering significantly cutting its workforce and relocating more than 1,000 employees to Riyadh as the kingdom tries to control costs and improve oversight of the vast new city and other developments being built on its northwestern coast, according to people familiar with the matter.The relocations, which may start later this year, would reverse NEOM’s former Chief Executive Nadhmi Al-Nasr’s policy that staff b…

Saudi Arabia reckons with its costly megaprojects as $500 billion ‘The Line' is reviewed

The move by Saudi Arabia to review one of its megaprojects comes amid global scrutiny of its ambitious infrastructure agenda.