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 visiting board meetings with consultants reevaluate viability amid slumping oil revenue; Under new leadership delays past initial targets. Unveiled as part of Vision 2030 planned as a 170-km car-free metropolis targeting up to 1.5 million residents by 2030; early updates show a much smaller population with limited progress in early construction. Budgetary pressures driven by fluctuating oil revenue and 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.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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