- Farah - News Editor
- Read Time: 1 min
With a mammoth budget of $500 billion, NEOM is a key element of Saudi’s Vision 2030 plan originally launched back in 2016 as part of the kingdom’s mission to diversify away from its oil-dependent economy. Excavation work started this month along the entire length of the project.
The development has received its fair share of skepticism around feasibility, with a raft of articles in publications ranging from The Guardian to the Financial Times including commentary from architects who conclude the project is a pipe dream. Other critics note its carbon emissions among broader concerns.
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