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

At a Glance 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…