Saudis scale back ambition for USD 1.5 trillion project Neom

Freight forwarder DSV is providing logistics to the ambitious project through a joint venture.
Photo: Evelyn Hockstein/AP/Ritzau Scanpix
Photo: Evelyn Hockstein/AP/Ritzau Scanpix
By Zainab Fattah and Matthew Martin, Bloomberg News

Saudi Arabia has scaled back its medium-term ambitions for the desert development of Neom, the biggest project within Crown Prince Mohammed bin Salman’s plans for diversifying the oil-dependent economy, according to people familiar with the matter.

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