Saudi Arabia Scales Back Neom Megaproject Plans

Saudi Arabia plans to significantly scale back and redesign its NEOM megaproject, the Financial Times reported, as a year-long internal review led by new CEO Aiman al-Mudaifer nears completion at the end of the first quarter of 2026. The Line and Trojena will be radically downsized, and NEOM may pivot toward data-centre hubs to cut costs amid tighter liquidity and PIF pressure.