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Saudi Arabia prioritizes sports for NEOM plans
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.
'Saudis to prioritise sports plans for NEOM project as costs balloon'
Crown Prince Mohammed bin Salman has poured hundreds of billions of dollars into development projects through the kingdom's PIF sovereign wealth fund. But the world's top oil exporter has had to rein in some of its ambitious plans over the past year as low oil prices and production continue to hit an economy still reliant on hydrocarbon revenues.
Saudi Arabia scales back on NEOM plans to prioritise sports as costs rise
Crown Prince Mohammed bin Salman has poured hundreds of billions of dollars into development projects through the kingdom's PIF sovereign wealth fund
1d
NEOM green hydrogen project on track
Despite recent setbacks for the megacity, its renewable hydrogen project is seeing higher demand than production capacity.
3d
on MSN
Saudi Arabia's Neom replaces its CEO amid reports of delays and cutbacks
Neom is set to host hyper-futuristic cityscapes and structures — but financial pressures on the kingdom are changing.
4d
Long-time CEO of NEOM goes as Saudi Arabia scales back mega-projects
Nasr, the long-time chief executive of the $500 billion NEOM mega-project at the heart of Saudi Arabia's drive to diversify ...
4d
on MSN
Neom CEO Nadhmi Al-Nasr Departs As Futuristic Megacity Project Resets
Saudi Arabia’s futuristic city project Neom has announced the departure of long-time CEO Nadhmi Al-Nasr in an abrupt ...
Hoteliermiddleeast.com
16h
From NEOM to Sheraton Dubai Creek, QWERTY, and more: Biggest hires of the week
Get to know the top movers and shakers across the region this week. From NEOM to Sheraton Dubai Creek, QWERTY, and more: ...
4d
on MSN
Saudi Arabia parts ways with the CEO of Neom, its new desert megacity
Neom, Saudi Arabia's ambitious megacity project, is a key part of the kingdom's Vision 2030 scheme. Its CEO stepped down ...
4d
on MSN
Saudi Arabia Replaces CEO Developing Megacity of Neom
Saudi Arabia replaced the executive that was overseeing its plan to build the $1.5 trillion futuristic development known as ...
Middle East Eye
1d
Saudi Arabia scales back Neom plans to focus on World Cup and Asian Games
Saudi Arabia has scaled back some of its ambitious plans for
Neom
, the megacity it is building in the northwest of the ...
Financial News
2d
Neom leadership shifts amidst controversies and challenges
Neom's CEO exits amid misconduct allegations, raising concerns over project's future amidst leadership changes and financial ...
Hoteliermiddleeast.com
17h
NEOM’s THE LINE development appoints design teams
The collaboration supports Phase One’s urban vision, laying the groundwork for a sustainable, car-free city that harmonises ...
Engineering News-Record
3d
NEOM Names Phase One Design Team for Saudi Arabia 'The Line' Megaproject
Gensler, Mott MacDonald and DMAA are contributing planning, design and engineering services for the first 2.4 km of the ...
Arabian Business
15h
Dubai real estate ‘stabilising’; Damac launches airline; NEOM management changes; UAE salary increases – 10 things you missed this week
Dubai real estate forecast, Damac Air launch, NEOM management changes, Nakheel releases Palm Jebel Ali beach villas and more ...
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Saudi Arabia
The Line
Mohammad bin Salman
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