Saudi PIF Suspends 170-Km The Line, Ends LIV Golf Funding as Assets Miss $1.09 Trillion Target
Updated
Updated · spacedaily.com · Jul 24
Saudi PIF Suspends 170-Km The Line, Ends LIV Golf Funding as Assets Miss $1.09 Trillion Target
3 articles · Updated · spacedaily.com · Jul 24
Summary
$910 billion in preliminary 2025 assets left Saudi Arabia’s Public Investment Fund below its $1.09 trillion target as it suspended construction on NEOM’s 170-kilometre The Line and moved to stop funding LIV Golf after 2026.
Spending pressure came from weaker oil prices and regional conflict, with the fund also taking an $8 billion write-down on giga-projects while governor Yasir Al-Rumayyan framed the moves as a reprioritization.
NEOM had laid only about 2.4 kilometres of foundations before the September 2025 halt, and a leaked audit put the full project cost near $8.8 trillion with completion pushed toward 2080.
The pullback has spread to sport as well: LIV faces cash strain and event uncertainty, while PIF also sold a 70% stake in Al-Hilal to a Saudi royal-owned entity.
The shifts test Vision 2030’s long-term bet on tourism, sport and new cities, even as non-oil GDP reached about $892 billion and the 2034 World Cup remains a fixed deadline.