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Saudi Arabia Asks Consultants To Reassess Feasibility of 'The Line' Megaproject
Saudi Arabia has asked consultants to reassess the feasibility of The Line, its ambitious 170km linear city project and centerpiece of the Neom initiative, as rising costs and falling oil prices force the kingdom to scale back its megaprojects. Middle East Eye reports: In April, The Financial Times...
Saudi Arabia has asked consultants to reassess the feasibility of The Line, its ambitious 170km linear city project and centerpiece of the Neom initiative, as rising costs and falling oil prices force the kingdom to scale back its megaprojects. Neom, along with luxury Red Sea hotels and a ski resort, is the flagship project of Crown Prince Mohammed bin Salman's Vision 2030 plan to transform the kingdom's economy and reduce its dependence on oil revenue. Bloomberg reported in 2024 that Saudi Arabia was cutting back plans for The Line.
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