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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.
Saudi Arabia is trying to build a mega-city in the desert. Now, Neom is dialing back plans for its first stage.
The authoritarian country is spending billions on international athletics, from Formula 1 to combat sports, to boost its bottom line and image.
Saudi Arabia prioritises sports for Neom project as costs soar
Saudi Arabia has scaled back ambitions for its Neom gigaproject, amid rising costs, in order to prioritise completing elements that are essential to hosting global sporting events, sources have told Reuters following the sudden departure of the project’s long-time CEO.
2d
on MSN
Saudi Arabia's Neom replaces its CEO amid reports of delays and cutbacks
Neom's board of directors announced on Tuesday the appointment of Aiman Al-Mudaifer as acting CEO of the company following ...
Middle East Eye
20h
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 ...
3d
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 ...
21h
NEOM green hydrogen project on track
Despite recent setbacks for the megacity, its renewable hydrogen project is seeing higher demand than production capacity.
3d
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 ...
Business Insider
3d
The Line — a key part of Saudi Arabia's Neom project — is a visionary but flawed concept, urban planners say
Saudi
Arabia is constructing a huge mirrored city in the desert called The Line. The parallel skyscrapers planned to ...
3d
Saudi Arabian megacity Neom replaces its CEO
The departure of the longtime CEO marks a major shakeup at Neom, which is a showpiece of Riyadh’s economic ambitions.
2d
on MSN
Italy's SACE to give $3 billion loan guarantee for Saudi NEOM project, source says
Italy's state export credit agency SACE will provide loan guarantees worth 3 billion dollars for Saudi Arabia's NEOM real ...
3d
Saudi Arabia's Neom project CEO, who earned chilling reputation, exits abruptly: 'Ran workers like slave'
Following the departure of Nadhmi al-Nasr who had served as the project’s chief executive since 2018, Aiman al-Mudaifer has ...
3d
Saudi Arabia Replaces CEO Of Futuristic Mega-city NEOM
Saudi Arabia announced Tuesday that it was replacing the chief executive of its futuristic mega-city NEOM as scepticism ...
Engineering News-Record
2d
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 ...
3d
Saudi Arabia’s NEOM megaproject boss sacked after ‘threatening to BURY worker in desert’ in latest blow to $1tn scheme
THE highly controversial boss of Saudi Arabia’s pricey NEOM project has been sacked after allegedly threatening to bury a ...
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