Saudi Arabia’s ‘The Line’: PIF launches feasibility review of NEOM’s flagship project

 

Saudi Arabia: Feasibility review of NEOM’s flagship project launched 

Saudi Arabia's ambitious urban megaproject, The Line, is undergoing a strategic feasibility review led by the Public Investment Fund (PIF), marking a critical reassessment of the 170 km linear city’s future under the broader NEOM initiative.

According to Bloomberg, the review will evaluate the project’s cost structure, timeline, and scope amid changing economic conditions, including reduced oil revenues and growing fiscal pressures. External consultants have been brought in to assess whether the original vision remains practical and financially sustainable.

Despite these evaluations, Saudi officials maintain that The Line remains a national priority. However, sources indicate that scaling back certain elements is under consideration.

 

Read More       Saudi Arabia ready to readjust projects under Vision 2030

 

Progress on the Ground

Construction continues along a 2.4 km central segment, anchored by a $186 million concrete batching facility. Earthworks, excavation, and foundation development are ongoing, with a revised goal to complete a 5 km stretch by 2030. The full 170 km rollout may now extend to 2045.

The review underscores broader questions surrounding Vision 2030 — namely, how to balance transformative ambition with economic and operational realities. With over $50 billion already invested and Phase 1 projected to cost up to $320 billion, the financial stakes are high.

Source: https://www.logisticsmiddleeast.com/