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

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

Futuristic city once at the heart of Saudi Arabia’s transformation plan will spend more money to halt construction than on ...

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 ...

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 ...

NEOM is being resized, not abandoned, as lower oil prices squeeze Saudi Arabia’s fiscal room. Riyadh is forced to reassess timelines and scale across its giga-projects despite Vision 2030 remaining ...

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

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