Saudi Arabia is revising Neom's ambitious plans to reduce costs significantly, focusing on developing a short stretch of the city while prioritizing sports infrastructure for upcoming international events.
The mega-project, initially projected to house 9 million people by 2030, faces substantial challenges including soaring costs that could go as high as $1.5 trillion, compelling shifts in strategy.
Neom’s leadership is experiencing significant turmoil, demonstrated by the sudden departure of its long-standing CEO and potential exits of other senior officials, raising concerns about the project's stability.
Despite early aspirations, Neom is now concentrating on completing a World Cup stadium for 2034 and an Asian Winter Games mountain resort planned for 2029 amid mounting scrutiny and financial strains.
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