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HomeLatest NewsWorldSaudi Arabia to scale down 170km Neom linear city to a dot

Saudi Arabia to scale down 170km Neom linear city to a dot

Saudi Arabia’s Neom linear metropolis to be scaled right down to 2.4km. — X/@NEOM

Saudi Arabia’s formidable $500 billion Neom linear metropolis venture “The Line”, which was initially deliberate to be stretched for 170 kilometres, is ready to be scaled down by 98.6%, in accordance with The Cradle.

Bloomberg reported that as an alternative of the unique plan to cowl an space of 170 kilometres and accomodate 1.5 million individuals, the venture will now solely span 2.4 kilometres with a inhabitants of solely 30,000 residents,

The Line was a part of Saudi Arabia’s Crown Prince Mohammad bin Salman’s (MBS) 2030 imaginative and prescient to sort out the challenges of city dwelling and promote other ways of life.

Nonetheless, studies recommend that he has now determined to downsize the mega-project because of monetary constraints.

“The pullback on The Line comes as the dominion’s sovereign wealth fund has but to approve Neom’s funds for 2024,” Bloomberg wrote, citing unnamed sources conversant in the matter.

“It exhibits that the monetary realities of the trillions of {dollars} of funding are beginning to trigger concern on the highest ranges of the Saudi authorities because it tries to fulfil its formidable Imaginative and prescient 2030 programme, the overarching initiative tasked with diversifying the dominion’s financial system.”

The venture has additionally been met with human rights considerations, as the development would require the Howeitat tribe to be expelled from their lands within the Tabuk area.



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