Saudi Arabia has scaled back investment into gigaprojects.

Saudi Arabia is shifting its $925 billion Public Investment Fund away from delayed real estate megaprojects like NEOM, aiming for more sustainable and near-term returns. The new strategy will prioritize sectors such as logistics, mineral exploitation, religious tourism, and artificial intelligence, with NEOM now treated as a separate ecosystem. This pivot comes amid growing pressure on PIF to improve financial performance, as many of its ambitious projects have yet to deliver expected returns. The fund’s updated investment plan, expected soon, reflects Saudi Arabia’s broader goal to become a global logistics hub and expand its influence in emerging technologies and energy infrastructure.

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https://www.reuters.com/world/middle-east/saudi-arabia-plans-refocus-925-billion-fund-after-gigaproject-delays-source-says-2025-10-29/