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.
Key Points
- 1Announces scaling back: NEOM to be significantly downsized, including The Line and Trojena adjustments.
- 2Explains fiscal pressure: cost overruns, delays, and tighter liquidity prompt reassessment of long-term viability.
- 3Impacts strategy: NEOM may pivot to data-centre hubs, affecting investors, infrastructure, and PIF project priorities.
Scoring Rationale
High-impact strategic shift by PIF and NEOM, limited by reliance on FT sources and pending official review conclusion.
Sources
Public references used for this report.
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