How Saudi Arabia's spending spree reached the end of the line

MBS's Vison 2030 project seemed the stuff of science fiction. Now reality has bitten ...
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Why I think the Line in 2026 failed

Saudi Arabia has halted construction on its ambitious megaproject, The Line, with around $50 billion already spent. This ...

Saudi’s NEOM halts work on The Line until after 2030

NEOM — the company developing the northwest corner of Saudi Arabia which is controlled by Public Investment Fund and chaired ...

Saudi Arabia’s mega project era: Is big spending phase coming to an end?

Projects such as NEOM, The Line and winter resorts in desert regions were presented as symbols of a new economic era. Today, some of those plans are being reconsidered.

Saudi Arabia delays key NEOM projects, including The Line, until after 2030: Report

The move comes as the kingdom’s sovereign wealth fund, the Public Investment Fund, shifts its focus towards more commercially viable infrastructure projects such as ports, utilities and data centres.

Saudi Arabia's dazzling vision was crashing into reality even before the Iran war broke out

Saudi Arabia's plans to transform its economy were already facing headwinds when the Iran war broke out, placing them even ...