(Bloomberg) -- Saudi Arabia has scaled back its medium-term ambitions for the desert development of Neom, the biggest project within Crown Prince Mohammed bin Salman’s plans for diversifying the oil-dependent economy, according to people familiar with the matter.Most Read from BloombergTurkey Joins NATO Allies in Suspending Europe Arms TreatySaudis Scale Back Ambition for $1.5 Trillion Desert Project NeomNY Area Rattled by 4.8 Magnitude Quake, Followed by AftershockIran Tells US to Step Aside... Read this story