Saudi Arabian Crown Prince’s $12 trillion, desert-city dream in tatters as megaproject halted
The ambitious Neom project in Saudi Arabia, envisioned by Crown Prince Mohammed bin Salman, has faced significant setbacks and has been halted until at least 2030. Originally projected to be a futuristic city, the costs have ballooned, leading to a strategic review and cutbacks in funding. As a result, several key components, including The Line and other associated projects, are now in jeopardy.
- ▪The Neom project was intended to be a carbon-neutral urban utopia spanning the Saudi desert.
- ▪Reports indicate that work on The Line has been suspended due to financial constraints and a shift in funding priorities.
- ▪The Saudi sovereign wealth fund is redirecting resources towards more critical infrastructure amid ongoing geopolitical tensions.
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World News Saudi Arabian Crown Prince’s $12 trillion, desert-city dream in tatters as megaproject halted By Jamie Seidel, News.com.au Published June 1, 2026, 10:25 p.m. ET See more of our coverage in your search results. Add The New York Post on Google Originally Published by: The Crown Prince of Saudi Arabia’s dreams of a glittering, futuristic city spanning his nation’s desert have come crashing down. The futuristic, carbon-neutral Neom project has long been touted as an urban utopia erected upon cutting-edge, sustainable technology. Its best-known component has been dubbed The Line – a sprawling 170km long, 500m high “smart city” which was supposed to be home to 9 million residents.
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