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.
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