Overview
- An internal strategic review is nearing its conclusion, with people briefed on the process saying The Line will be significantly scaled back and redesigned.
- NEOM has created a chief‑of‑staff oversight unit led by Mazen Alfuraih under CEO Aiman al‑Mudaifer to tighten governance and state engagement.
- Several hundred of roughly 6,000 NEOM employees have been laid off as construction on The Line slows and contractors trim their workforces.
- Saudi authorities acknowledge Trojena will not be ready to host the 2029 Asian Winter Games, while work continues on Oxagon and a large green hydrogen plant and the Magma hotel plan is on hold.
- PIF is reprioritizing capital toward market‑ready projects and AI infrastructure, with multiple reports indicating parts of NEOM could be repurposed for data centers.