Overview
- Neom was omitted from the 2026 budget in what the finance minister called a recalibration of megaprojects to ensure delivery and cost discipline.
- The Line has been cut to a roughly 2.4–5km pilot known as the Hidden Marina targeting 2030, replacing plans for a 170km city of 9 million residents.
- Construction of Riyadh’s $50bn Mukaab has been suspended, and Trojena faces downsizing after the 2029 Asian Winter Games were postponed.
- A PIF spending review under new Neom director Aiman al‑Mudaifer has sharply reduced contracts and consultant roles across the project.
- Funding is concentrating on revenue‑oriented elements such as Oxagon and the Neom Green Hydrogen Project, with broader investment shifting toward AI, data centers and logistics.