Saudi Arabia’s Vision 2030 mega-spending drive is facing a reality check, according to the BBC News report. It says Crown Prince Mohammed bin Salman ambitious plan to transform the economy through futuristic projects like NEOM is being scaled back as costs rise and investment falls short.
Several flagship developments under Saudi Arabia $500bn Vision 2030 plan are now delayed, cancelled, or redesigned, including parts of NEOM’s The Line, amid oil revenue pressure and geopolitical uncertainty. Analysts say the shift signals a move from mega ambition to more disciplined, execution-focused spending across the kingdom.
NEWS NOW:
- ‘No one has any faith that Trump is going to tell the truth’ Schumer says regarding his upcoming address
- Pakistan fears being dragged into US-Iran conflict after Houthi attack on Saudi Arabia
- US moves to set stricter rules for foreign students and journalist visas
- White House teleprompter operator earned over $100K betting on president’s speeches
