Oil prices are sliding. That's a problem for Saudi Arabia and its Neom megaprojects.

A satellite image of the royal palace in Saudi Arabia's Neom project.

Maxar Technologies

• Saudi Arabia is pushing ahead with megaprojects such as The Line in Neom.
• The kingdom's economy is still heavily dependent on oil revenues, but prices have been sliding.
• A big decline in oil revenue may make it harder to fund Saudi Arabia's ambitious megaprojects.

Saudi Arabia is still heavily reliant on oil revenues — and the collapse in oil prices in recent days is not good news for its Vision 2030 megaprojects.