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NEOM News

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

NEOM plans stall due to COVID 19 fears

Saudi Arabia's construction of the £400billion futuristic megacity NEOM has been delayed due to plunging oil prices and coronavirus fears hitting the land of billionaire princes.  The futuristic tech-hub was set to be completed in 2025 and be home to one million people, costing an estimated $500billion (£413billion). The complex of Moroccan-style opulent buildings and palaces is planned to include helipads, a marina and a golf course and be lit by a giant artificial moon.  But plummeting oil prices and a coronavirus-led economic slump forced the Saudi government to introduce austerity measures last week, putting NEOM's future at risk, the Times reported.

 

Read the full story at the Daily Mail