Saudi PIF Says No Cancellations At NEOM

Dubai (PlantAndEquipment.com) - There haven't been any project cancellations at NEOM, according to Saudi Arabia's Public Investment Fund (PIF), but plans are being modified to give priority to important initiatives.

Instead of being put on hold, officials said that NEOM projects are being evaluated and prioritized as part of larger planning.

Timelines for the flagship The Line were said to be flexible and to be one part of the larger development. Although it would be advantageous, completion by 2030 is not seen as necessary at that time.

In the midst of continuous debate on the speed and order of initiatives within the megaproject, the remarks provide a clarification of NEOM's development plan.