Saudi Arabia says all NEOM megaprojects will go ahead as planned despite reports of scaling back

In early April, reports emerged that The Line project, a planned glass-walled city meant to stretch for 105 miles across the Saudi desert by 2030, would be a length of just 1.5 miles by that time — a reduction of 98.6%.

"All projects are moving full steam ahead," Faisal Al Ibrahim told CNBC's Dan Murphy on Monday at the World Economic Forum's special meeting in Riyadh.In early April, reports emerged in Western media outlets that The Line project, a planned glass-walled city meant to stretch for 105 miles across the desert by 2030, would be a length of just 1.5 miles by that time — a reduction of 98.6%.

"Today the economy in the kingdom is growing faster, but we don't want to overheat it. We don't want to deliver these projects at the cost of importing too much against our own interest. We will continue delivering these projects in a manner that meets these priorities, delivers these projects and has the optimal healthy impact for our economy and the ... healthy non-oil growth within it.

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Saudi Arabia says all NEOM megaprojects will go ahead as planned despite reports of scaling back“For NEOM, the projects, the intended scale is continuing as planned. There is no change in scale,” Saudi Economy Minister Faisal Al Ibrahim told…
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Saudi Arabia scales back ambitious plans for Neom megacitySaudi Arabia is reportedly scaling back its ambitious goals for the under-construction Neom megacity, including the promise of housing 1.5 million people in one massive skyscraper. Neom, a personal project of Crown Prince Mohammed bin Salman, is part of Saudi Arabia's Vision 2030 plan to diversify the economy and increase cultural and political influence.
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