Exclusive: Saudi Arabia prioritizes sports for NEOM plans as costs balloon, sources say
Saudi Arabia has scaled back lofty ambitions for its NEOM gigaproject to prioritize completing elements essential to hosting global sporting events over the next decade as rising costs weigh, three sources told Reuters a day after the sudden departure of the project's longtime CEO.
Long-Time CEO of NEOM Goes as Saudi Arabia Scales Back Mega-Projects
DUBAI/RIYADH (Reuters) -Nadhmi al-Nasr, the long-time chief executive of the $500 billion NEOM mega-project at the heart of Saudi Arabia's drive to diversify away from oil, has departed, NEOM said on Tuesday without giving a reason.
Neom is set to host hyper-futuristic cityscapes and structures — but financial pressures on the kingdom are changing.
The leadership change comes as Neom moves closer to its Vision 2030 goals, prioritising sustainability, smart infrastructure ...
THE highly controversial boss of Saudi Arabia’s pricey NEOM project has been sacked after allegedly threatening to bury a ...
A broken vision Saudi Arabia's dreams of the future are facing the realities of the present. The CEO of the Kingdom's ...
Longtime CEO Nadhmi al-Nasr left Neom, Saudi Arabia’s marquee development, which has been plagued by delays, cost overruns ...
The team for the first phase of Saudi Arabia’s ambitious city building project, The Line, is coming together as the country ...
ROME, Nov 13 (Reuters) - Italy's state export credit agency SACE will provide loan guarantees worth 3 billion dollars for ...
RIYADH/DUBAI - Saudi Arabia has scaled back lofty ambitions for its NEOM gigaproject to prioritize completing elements ...
DMAA will later support NEOM in maintaining the design vision of Phase One, as neighbourhood architects are appointed. DMAA ...
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