Saudi Arabia to scale back Neom megaproject
Review expected to propose a significant redesign after years of delays and overruns
Review expected to propose a significant redesign after years of delays and overruns

Developments such as futuristic Neom hit by budget overruns and lower oil prices

Futuristic facility was part of kingdom’s $500bn Neom mega-project

With the Strait of Hormuz choked off, Riyadh focuses on Red Sea infrastructure

Saudi Arabia-backed group mulls dual listing as it pushes into autonomous delivery

Growth of homegrown businesses is sign of how economy is modernising

Vast state spending is driving development, but some regions say the fast-growing capital is getting too much of the money