Overview

• The PIF engaged external consultants in July to evaluate whether its 170-km, car-free urban vision is feasible under current budget constraints.
• Leadership changes at Neom saw Aiman al-Mudaifer appointed CEO in November 2024 to oversee the project's reassessment and development.
• Aerial photographs and a LinkedIn post by COO Giles Pendleton confirm active construction progress at The Line in July 2025.
• Original plans for 1.5 million residents by 2030 have been trimmed to under 300,000 people and only 2.4 km of build-out within the decade.
• Lower oil prices have tightened Saudi budget forecasts and complicated funding for megaprojects designed to diversify the kingdom's economy.