War-Diverted Traffic Is Reshaping NEOM’s Port. What Happens If Hormuz Reopens?

AI Summary

War-related diversions have reshaped traffic through the Port of NEOM, even as the megacity project it was built to serve has contracted and Saudi Arabia’s Public Investment Fund recorded an $8 billion write-down on giga-projects. The article considers how port activity could change if the Strait of Hormuz reopens.

A Port Not Behaving Like the Megacity It Was Built For By any reasonable metric, 2026 should have been a difficult year for the Port of NEOM. The megacity it was built to serve has been through a visible contraction. The Public Investment Fund wrote down the giga-projects by $8 billion at the end of ...