Vision Revision
Neom faces 20% budget cut amid continued drop in Saudi oil prices
Analysts say 'rightsizing' the mega project is a sign the kingdom is maturing in the face of deficits and lagging investment
The Neom presentation pavilion at the Mipim real estate exhibition in Cannes, southern France. (Photo: Getty Images)
Add The Circuit on GoogleNeom, the flagship mega-project of Saudi Crown Prince Mohammed bin Salman’s Vision 2030 economic roadmap, is facing budget cuts.
The development along the Red Sea coast is expected to be allocated 20% less than its targeted budget...