Neom Mega-Project Review
Sector: Government • Location: Saudi Arabia
Source: Middle East Eye
The CEO of Saudi Arabia’s futuristic city Neom has initiated a comprehensive review of the mega-project due to limited resources and falling energy prices. Originally planned as a $1.5 trillion megacity, the project is now facing significant cutbacks and delays, with expectations of fewer residents and reduced completion timelines.
- Status
- Under Construction
- Sector
- Government
- Location
- Saudi Arabia
- Updated
- 22 Jul 2026
- Source
- Middle East Eye
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Project Information
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Sponsoring Agency |
Status
Original status | Under Construction |
Taiyo status | Under Construction |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | The CEO of Saudi Arabia’s futuristic city Neom has initiated a comprehensive review of the mega-project due to limited resources and falling energy prices. Originally planned as a $1.5 trillion megacity, the project is now facing significant cutbacks and delays, with expectations of fewer residents and reduced completion timelines. |
Original sector | Urban Development |
Budget |
Location
Country | Saudi Arabia |
Source
Source | Middle East Eye |
URL |
More Details
Record type | Project |
Sector | Government |
Article published date | 2025-05-01 |
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