Saudi Crown Prince Mohammed bin Salman’s flagship project Neom is set to be significantly downscaled and redesigned as a review of the massive development nears completion after years of delays and budget overruns.
People briefed on the matter said Prince Mohammed, Neom’s chair, now envisages something “far smaller”, a sign that Riyadh acknowledges the failings in its original highly ambitious concept, the communications around it and the initial phase of construction.
The development stretches along Saudi Arabia’s Red Sea coast and covers an area roughly the size of Belgium.
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