Saudi Arabia set to redraw economic road map as megaprojects scale down

South China Morning PostCenter-RightEN 1 min read 100% complete by Tom HussainFebruary 1, 2026 at 09:00 AM

AI Summary

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Saudi Arabia is revising its Vision 2030 economic diversification plan, shifting focus from ambitious megaprojects to sectors like AI, technology, logistics, mining, and tourism. This follows a review after an $8 billion writedown in 2024. The Public Investment Fund (PIF) is scaling down projects like The Line in the Neom region, evidenced by a 72% drop in construction contract values in Q2 2025. The $925 billion PIF is expected to announce revisions to Vision 2030, initially launched in 2016. Neom was notably absent from the 2026 budget announcement, signaling a recalibration to ensure projects meet their intended goals.

Key Entities & Roles

Key Player Opposition Context

Kuwait 35% KAMCO Investment 50% Mohammed bin Salman 50% Mohammed al-Jadaan ×260% The Line ×270% Neom ×375% Vision 2030 ×380% Public Investment Fund (PIF) ×285% Saudi Arabia ×390%

Keywords

saudi arabia 100% vision 2030 90% economic diversification 80% megaprojects 80% public investment fund (pif) 70% neom 60% the line 60% artificial intelligence 50% investment 50% technology 40%

Sentiment Analysis

Neutral

Score: -0.10

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Source

South China Morning Post

Political Lean

Center-Right (0.50)

Far LeftCenterFar Right

Classification Confidence

90%

Geographic Perspective

Saudi Arabia

This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).

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saudi arabia vision 2030 economic diversification megaprojects public investment fund (pif)neom the line artificial intelligence investment technology

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