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The latest news and information about NEOM, ENOWAOXAGONTHE LINE, TONOMUSTROJENA and other NEOM related projects

Saudi Arabia hires consultants to probe feasibility of $500bn ‘THE LINE’


Saudi Arabia’s sovereign wealth fund has asked consultants to review the feasibility of its “THE LINE” gigaproject, Bloomberg reported on Monday.

The move follows an announcement from Aiman al-Mudaifer, the project’s acting chief executive, in April that the city would be subjected to a “comprehensive review”. Sources told the Financial Times that the analysis was “taking place in an environment of limited resources … Some things were done that need to be looked at again”. It also follows last year’s reports that loosened the schedule for the Line, which has been roughly priced at $500bn. The initial target was that 1.5 million people would live there by 2030. This was superseded by the goal of 300,000 residents living in a 2.4km-long city by that date.

A NEOM spokesperson told Bloomberg that the review was “typical with large-scale, multi-year projects”.

In 2023, Rafael Prieto-Curiel of the Complexity Science Hub in Vienna told GCR: “A line is the least efficient possible shape of a city. There’s a reason why humanity has 50,000 cities, and all of them are somehow round.”

Read the full story at Global Construction Review