What does the Wall Street Journal investigation reveal about Saudi Arabia’s Neom megacity after more than $50 billion was spent on Crown Prince Mohammed bin Salman’s $500 billion vision, including the halt or winding down of major construction, the suspension of The Line until at

The investigation portrays Neom not as a project being modestly redesigned, but as a vast retreat from an unaffordable vision: after more than $50 billion was spent, much of the flagship development has reportedly stopped or is being wound down, with further billions devoted to exiting commitments rather than building the city.

• The Line: Construction on Neom’s signature linear city has reportedly been suspended until at least 2030, leaving its central promise effectively on hold.

• Contract exits: Neom’s 2026–30 budget reportedly sets aside about 60 billion riyals—roughly $16 billion—for anticipated payments to terminate long-term contractor agreements.

• Trojena: The mountain resort intended to host the 2029 Asian Winter Games was not ready; the event has been cancelled or moved, with Kazakhstan selected as host instead.

• Public messaging: The report describes a contrast between Saudi officials’ continued public insistence that Neom remains a long-term priority and the behind-the-scenes suspension, cancellations, and reductions in activity.