Progress on The Line gets ink

The WallStreetJournal zones in on delays and challenges for Neom’s The Line, citing an internal audit as suggesting that the project has been hampered by “unrealistic” planning and projections, supported in part by McKinsey & Co, which has consulted on the project. The Journal also looks at the hefty costs associated with the project.

IN CONTEXT- The Line has been dogged by media allegations of a downsizing for much of thepast year, but Neom officials have consistently maintained that buildout was proceeding on schedule and “has never been scaled back.” Meanwhile, The Line’s Hidden Marina is set to become the first segment of the smart city to be operational, with contractors currently being sought for raft foundations tendered in six lots.