It was supposed to the most groundbreaking structure the world had ever seen. But now, this multi-trillion-dollar “smart city ...

Saudi Arabia’s NEOM has delayed further work on The Line — the planned 170-kilometer long dual skyscrapers once projected to cost more than $1 trillion — until at least after 2030 as the kingdom’s ...

Saudi government to spend $16 billion on cancelling parts of troubled Neom megacity project: report - The Line, a ...

NEOM’s 2026-2030 budget includes $16 billion in anticipated payments to contractors to terminate long-term agreements, ...

It was supposed to be the showcase of a country’s renewal, the symbol of its creative power and human ingenuity. But maybe ...

Saudi Arabia is set to significantly scale back Neom, its flagship super-city project. According to reports, Saudi Crown Prince and Neom chairman Mohammed bin Salman now envisions a much smaller ...

Projects such as NEOM, The Line and winter resorts in desert regions were presented as symbols of a new economic era. Today, ...

The move comes as the kingdom’s sovereign wealth fund, the Public Investment Fund, shifts its focus towards more commercially viable infrastructure projects such as ports, utilities and data centres.

May 21 (Reuters) - Saudi Arabia's high-tech NEOM has terminated Webuild's (WBD.MI), opens new tab contract for the Connector High-Speed Line project in Tabuk, Italy's largest ‌construction company ...

Saudi Arabia’s sovereign wealth fund has not cancelled any projects within its flagship NEOM development, though some have been delayed as priorities are reassessed, Public Investment Fund (PIF) ...

Saudi Arabia is deploying more money domestically to diversify reliance on oil Five-year plan groups industries across six so-called ecosystems that fund will prioritize PIF Governor confirms for ...

MBS's Vison 2030 project seemed the stuff of science fiction. Now reality has bitten ...