Saudi Arabia's $9 trillion dream city with flying taxis and a 170-km-long skyscraper is scaled back: What went wrong? | TheBriefWire
Saudi Arabia's $9 trillion dream city with flying taxis and a 170-km-long skyscraper is scaled back: What went wrong?
Published 22 June 2026 ยท finance
Inside Saudi Arabia's $9 trillion NEOM city and its 170-km-long skyscraper How costs ballooned from $500 billion to nearly $9 trillion Lower oil prices have
Inside Saudi Arabia's $9 trillion NEOM city and its 170-km-long skyscraper How costs ballooned from $500 billion to nearly $9 trillion Lower oil prices have squeezed government finances Saudi Arabia's sovereign wealth fund is changing priorities FIFA World Cup 2034 preparations have become a major priority Regional instability and oil market concerns have added pressure Even NEOM's first luxury destination struggled Saudi Arabia insists NEOM is a long-term vision What parts of NEOM are still moving ahead? Was NEOM simply too ambitious?
Published: June 22, 2026 โข 1:53 PM IST ยท Updated: June 22, 2026 โข 3:02 PM ISTBy TheBriefWire Editorial Team
Key points
Inside Saudi Arabia's $9 trillion NEOM city and its 170-km-long skyscraper How costs ballooned from $500 billion to nearly $9 trillion Lower oil prices have squeezed government finances Saudi Arabia's sovereign wealth fund is changing priorities FIFA World Cup 2034 preparations have become a major priority Regional instability and oil market concerns have added pressure Even NEOM's first luxury destination struggled Saudi Arabia insists NEOM is a long-term vision What parts of NEOM are still moving ahead?