Neom Mega-City Project
Sector: Urban Development • Location: Saudi Arabia
Source: NewsBreak: Local News & Alerts
Neom is an ambitious mega-city project in Saudi Arabia, originally envisioned as a futuristic city with a projected cost of £396.5 billion ($500 billion). However, due to various scandals and economic challenges, the cost has skyrocketed to £6.9 trillion ($8.8 trillion). The project is now facing significant financial difficulties exacerbated by new tariffs imposed by the US.
- Status
- Under Construction
- Sector
- Urban Development
- Location
- Saudi Arabia
- Updated
- 22 Jul 2026
- Source
- NewsBreak: Local News & Alerts
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Project Information
Participants
| Not available for this record. |
Status
Original status | Under Construction |
Taiyo status | Under Construction |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | Neom is an ambitious mega-city project in Saudi Arabia, originally envisioned as a futuristic city with a projected cost of £396.5 billion ($500 billion). However, due to various scandals and economic challenges, the cost has skyrocketed to £6.9 trillion ($8.8 trillion). The project is now facing significant financial difficulties exacerbated by new tariffs imposed by the US. |
Original sector | Urban Development |
Budget |
Location
Country | Saudi Arabia |
Source
Source | NewsBreak: Local News & Alerts |
URL |
More Details
Record type | Project |
Article published date | 2025-04-13 |
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