The Line is paused, and the pause now runs to 2030
Construction on NEOM's most visible sub-project was suspended in September 2025 pending a PIF strategic review. Reporting in June 2026 put the stoppage in place until at least 2030.
Comprehensive coverage and updates on Public Investment Fund across the MENA tech ecosystem.
Construction on NEOM's most visible sub-project was suspended in September 2025 pending a PIF strategic review. Reporting in June 2026 put the stoppage in place until at least 2030.
The PIF-owned AI company has broken ground on two data centres, in Riyadh and Dammam, each starting at up to 100MW. The roadmap says 1.9GW by 2030 and 6GW by 2034.
More than 1,000 investors from over 900 firms managing a combined $14.3 trillion in assets are attending LEAP 2026, led by PIF, Aramco Ventures, Sanabil, STV and General Atlantic, backed by one-to-one matchmaking and an AI-powered app.
Longer private holds are a global trend. In the Gulf they also reflect an exit route that is still being built.
When international investors fell 48% and local capital rose to 81% of regional funding, much of what remained traced back to state balance sheets. That changes what a funding round means.
Saudi Arabia's communications ministry and HUMAIN signed a partnership agreement at LEAP 2026 to coordinate AI infrastructure development, attract investment and build national AI capability.