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 appeared at leadership sessions as consultants reassess feasibility amid slumping oil revenue; New leadership delays push timelines beyond original timelines. 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 substantially smaller population with limited early construction progress. Funding constraints 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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