Spotlight | Saudi Arabia
End of The Line? Saudi's Neom mega-project grinds to halt

A model of The Line project presented as part of an exhibition in Riyadh on 12 November 2022.
A model of The Line project presented as part of an exhibition in Riyadh on 12 November 2022. © JMP-Balkis Press/Abacapress.com/Reuters
Officially, work on Mohammed bin Salman's desert giga-project is continuing as planned. However, some contractors are having to tell their shareholders that their work has completely stopped. [...]
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Saudi Arabia
PIF engages corporate investigators to probe misspending at Neom

A Public Investment Fund's probe completed last spring found evidence of financial trickery and over-spending at Neom. In response, the Saudi government has decided to enlist the support of outside investigators in the region. Sources close to the work say the true scale of spending on Western firms is much larger than has been reported.

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