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NEOM, Saudi Arabia
Exclusive-Saudi Arabia prioritizes sports for NEOM plans as costs balloon, sources say
By Pesha Magid, Hadeel Al Sayegh and Federico Maccioni RIYADH/DUBAI (Reuters) -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,
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 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 Neom, in the latest sign that the project is struggling to deliver on its ambitions.
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 away from oil, has departed, NEOM said on Tuesday without giving a reason.
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 after six years in the role.
CEO of Saudi Arabia’s Futuristic City Project Leaves Abruptly
Longtime CEO Nadhmi al-Nasr left Neom, Saudi Arabia’s marquee development, which has been plagued by delays, cost overruns and staff turnover.
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.
The Mirror
12m
Saudi Arabia unveils vast mountain hotel that looks suspiciously like city from Lord of the Rings
As part of its hugely controversial
NEOM
mega-city project,
Saudi
Arabia's leaders have unveiled plans for Siranna - a ...
22h
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 ...
Business Insider
20h
Saudi Arabia's futuristic city just faced another setback, but the country still has its eyes on being an AI leader
A broken vision
Saudi
Arabia's dreams of the future are facing the realities of the present. The CEO of the Kingdom's ...
1d
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 ...
Engineering News-Record
1d
NEOM Names Phase One Design Team for Saudi Arabia 'The Line' Megaproject
The team for the first phase of
Saudi
Arabia’s ambitious city building project, The Line, is coming together as the country ...
The Straits Times
7h
Saudi Arabia prioritizes sports for NEOM plans as costs balloon, sources say
RIYADH/DUBAI -
Saudi
Arabia has scaled back lofty ambitions for its
NEOM
gigaproject to prioritize completing elements ...
Arabian Business
2d
NEOM The Line announces update as Saudi megaproject takes major step closer to Phase 1 completion
DMAA will later support NEOM in maintaining the design vision of Phase One, as neighbourhood architects are appointed. DMAA ...
Construction Week Online
2d
NEOM appoints global design powerhouses for Phase 1 of THE LINE
NEOM
, one of the biggest gigaprojects in
Saudi
Arabia, has announced the appointment of Delugan Meissl Associate ...
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