Neom

NEOM is a planned city in Saudi Arabia, a key component of the country's Vision 2030 program aimed at diversifying the Saudi economy away from oil dependence. It is newsworthy due to a recent shift in Saudi Arabia's economic strategy, involving a redirection of spending away from large-scale futuristic urban projects like NEOM towards sectors deemed more likely to yield tangible results. This follows a review of the Vision 2030 program after an $8 billion writedown in 2024. The change suggests a recalibration of priorities within the Saudi economic development plan, potentially impacting the scope and timeline of NEOM. Christophe Galtier, a French football coach currently working in NEOM, has also recently given interviews discussing Saudi Arabian football, further highlighting the region.