NEOM’s ambitious concept-to-project transition presents funding, feasibility challenges 


Al-Monitor Pro Members


Dr. Robert Mogielnicki  

Senior Resident Scholar, Arab Gulf States Institute in Washington, DC


Sept. 20, 2022

Bottom Line:

The ever-more ambitious concepts behind NEOM’s development have garnered global curiosity and substantial media buzz. Yet NEOM project officials must contend with serious funding and feasibility challenges. Dedicated financial resources from the state can help planners overcome some challenges, enabling various aspects of the megaproject to move ahead. The most futuristic and experimental elements of NEOM are likely to be scaled back or abandoned in place of new plans. NEOM is therefore unlikely to be a spectacular failure or a stunning success. A steady stream of new announcements will obscure slow progress on the ground and reprioritization of the megaproject’s components. Data below.

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