Saudi NEOM Pauses The Line Project, Shifts Focus to Oxagon with $3 Billion Investment
2026-06-03 15:31
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en.Wedoany.com Reported - Saudi Arabia's NEOM has adjusted its development priorities, pausing construction on "The Line" and the Trojena project to focus on developing the Oxagon port city on the Red Sea coast.

According to Semafor, this shift is led by NEOM's new CEO, Aiman al-Mudaifer, who is backed by Saudi Crown Prince Mohammed bin Salman. Work on The Line has been suspended at least until 2030, and construction of the mountain resort city Trojena has also been halted. NEOM has committed $3 billion to Oxagon, though the city's completion timeline has not been announced. This reinvestment strategy may be linked to the closure of the Strait of Hormuz, as Oxagon could play a key role in opening new trade routes.

Oxagon is an octagonal floating city covering 40 acres, described as "the world's largest floating structure." Bjarke Ingels Group was appointed as the master planner for Oxagon in 2023. New York-based firm Andre Kikoski Architect built a greenhouse for NEOM's food company Topian in Oxagon last year. Existing physical infrastructure may be repurposed for data center use.

Since the Saudi Crown Prince's announcement in 2021, plans for "The Line" have been significantly scaled back. NEOM originally envisioned a 105-mile-long city housing 1.5 million residents; by 2024, it was expected that only 300,000 residents would live in a 1.5-mile stretch, and now it is projected to accommodate up to 100,000 residents by 2030. NEOM has also been mired in controversy, with reports indicating that over 21,000 workers from India, Bangladesh, and Nepal have died while working on Saudi Arabia's Vision 2030 projects since 2017.

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