Riyadh, Saudi Arabia: Saudi Vision 2030 cuts are reshaping Neom and other flagship projects as the kingdom tightens spending before 2030.
The Public Investment Fund now plans to focus on stronger returns and tighter execution. The sovereign wealth fund backs many projects tied to Crown Prince Mohammed bin Salman’s economic overhaul.
The BBC reported that Saudi Arabia has scaled back The Line. The project once proposed a 170km linear city in northwest Saudi Arabia.
Trojena has also faced delays. The Olympic Council of Asia and the Saudi Olympic Committee postponed the 2029 Asian Winter Games, which Trojena had planned to host.
Analysts quoted by the BBC linked the shift to weaker foreign investment, cost pressure and regional uncertainty. They said Saudi officials now favour smaller projects with clearer delivery goals.
Read: Saudi Arabia Opens Real Estate Market to Foreign Ownership
Public Investment Fund Governor Yasir Al-Rumayyan said the fund has invested in artificial intelligence, gaming, esports and renewable energy. PIF called its 2026-2030 plan the next phase of its growth strategy.
Saudi Arabia still plans major projects and events, including the 2034 FIFA World Cup, Diriyah, Qiddiya and AlUla. The BBC said officials present the changes as prioritisation, not a retreat from Vision 2030.
