Back to today’s briefing

Story perspectives

Saudi Arabia Shifts Vision 2030 Focus Amid Budget Cuts

2/1/2026

50 9

Summary

Story summary

Saudi Arabia is shifting Vision 2030 from large urban megaprojects to AI, logistics, mining, and tourism.
The shift follows an $8 billion writedown in 2024 and a 72% drop in second-quarter 2025 construction contracts.
The Public Investment Fund (PIF), valued at $925 billion, is expected to announce revisions to the programme.
The latest budget omits Neom, signaling recalibration to ensure megaprojects meet their goals.

1 of 1

Story summary

Saudi Arabia is shifting Vision 2030 from large urban megaprojects to AI, logistics, mining, and tourism.
The shift follows an $8 billion writedown in 2024 and a 72% drop in second-quarter 2025 construction contracts.
The Public Investment Fund (PIF), valued at $925 billion, is expected to announce revisions to the programme.
The latest budget omits Neom, signaling recalibration to ensure megaprojects meet their goals.