Saudi Arabia's Public Investment Fund adopts a phased, profit-driven approach to develop the Neom megaproject.
The Public Investment Fund (PIF) has announced a shift in its development strategy for Neom, the kingdom's ambitious desert megaproject. Instead of a fixed master timeline, the fund will now develop the project in stages, prioritizing components based on commercial viability and profitability. This move follows years of delays and questions regarding the feasibility of the project's original $1 trillion price tag for flagship components like The Line. thought<channel|>```json, {