Neom axed a $1.5B project to make water for the city, report says — another blow to its grand ambition

• Neom canceled a desalination project worth $1.5 billion, according to a report.
• It comes as Saudi Arabia reportedly plans on scaling back part of the project. 
• Enowa, a Neom subsidiary, told Meed it's water requirements had evolved. 

A project to build a $1.5 billion water desalination plant in the Saudi Arabian desert city of Neom appears to have been scrapped.

A consortium made up of Neom subsidiary Enowa, Japan's Itochu, and France's Veolia had agreed to develop the plant in December 2022.