https://www.live-feeds.com/feed/how-saudi-arabia-s-neom-megacity-dream-collapsedContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/how-saudi-arabia-s-neom-megacity-dream-collapsedhttps://www.live-feeds.com/feed/how-saudi-arabia-s-neom-megacity-dream-collapsed#u45909Fri, 21 Aug 2026 11:26:23 +0000Saudi Arabia is scaling back its ambitious plans for Neom, a futuristic megacity, due to financial constraints and unrealistic goals. The project, initially envisioned as a 170 km long city, is being re-evaluated to focus on commercial returns. The Saudi wealth fund has deemed some aspects of the project 'fantastical'. The scaled-back plans prioritize achievable goals over ambitious targets.Why it mattersNeom is a key part of Saudi Arabia's Vision 2030, aimed at diversifying the economy and reducing dependence on oil. The project was initially expected to cost $500 billion and b