Publication date: April 30, 2024
Saudi Arabia Plans Adjustments to Vision 2030 Projects

Saudi Arabia Plans Adjustments to Vision 2030 Projects

Saudi Arabia's finance minister announces adjustments to Vision 2030 projects in response to challenges.

Policy

Saudi Arabia, under the Vision 2030 plan, is set to make adjustments to several projects, including the flagship Neom development. The finance minister, Mohammed Al Jadaan, emphasized the kingdom's satisfaction with the progress made towards Vision 2030 goals. However, acknowledging challenges, he highlighted the need for modifications to project scopes. A recent $2.7 billion credit line secured by Neom from local lenders marks a strategic move amidst these adjustments. The kingdom remains resolute in its commitment to the Vision 2030 program, seeking to navigate challenges and optimize project outcomes for long-term success.