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Why is Saudi Arabia abandoning the biggest project in its history?

Declining ambitions for “The Line” mega project: Bloomberg report shows dramatic drop in population and construction goals

In a surprising development, America’s Bloomberg Group revealed a serious deterioration in the intentions of the Kingdom of Saudi Arabia regarding its massive project “The Line” in the city of NEOM. After the original plans indicated that the city would accommodate around 1.5 million people by 2030, current expectations indicate that the population may not exceed 300 thousand people, co- amounting to only 20% of the original goal.

“The Line”: The City of the Future Facing Challenges

The Line project was considered the crown jewel of Saudi Vision 2030, as it was designed to be a unique futuristic city, extending over a distance of 170 kilometers and including covered parallel skyscrapers with mirrors, with a total cost estimated at around 500 billion dollars. However, this ambitious project now faces major challenges, as reports indicate that contractors have begun laying off workers and halting construction in some areas.

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Big discount on construction plans

In addition to declining population targets, Bloomberg noted that the city’s construction plans have been scaled back, with only 2.4 kilometers of the city planned to be built by 2030, compared to the distance a total of 170 kilometers.

Reasons for decline and future challenges

Reports did not reveal the exact reasons behind this major decline in the ambitions of the “The Line” project, but some analysts point to the global economic challenges, the effects of the Corona pandemic , and perhaps some technical and logistical problems in the implementation of this large project. , may all be contributing factors to this decline.

The Line is still one of the most innovative urban projects in the world, and despite the current challenges, it still has great potential for the concept of sustainable cities and for the future. -explanation. The coming years will be decisive in determining the level of the Kingdom’s ability to overcome these challenges and its ambitious vision to achieve this great project.

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2024-08-22 10:49:37
#Saudi #Arabia #abandoning #biggest #project #history

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