SAUDI ARABIA’S NEOM: MEGA PROJECT USING 20% OF GLOBAL STEEL

Neom, part of Saudi Arabia’s Vision 2030, is consuming 20% of the world’s steel for its ambitious urban development, including projects like The Line and luxury resorts. ;;

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The $1.5 trillion project faces delays, with The Line’s central section aiming for 2030 completion and full completion by 2045. ;;

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Reports highlight cost overruns and mismanagement, but Neom remains a key driver of Saudi economic growth. ;;

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Despite challenges, financial incentives are attracting investors.