Source says NEOM "scaled down and broken into chunks" Cost of NEOM mushroomed after an initial $500 bln estimate Low oil prices and production have hit Saudi state coffers Futuristic NEOM is at ...

An icon in the shape of a lightning bolt. Impact Link The CEO of Saudi Arabia's ambitious Neom project has abruptly stepped down after six years in the role. Nadhmi al-Nasr had led Neom since 2018 ...

A sign in a window of the NEOM pop-up store on the closing day of the World Economic Forum (WEF) in Davos, Switzerland, on Friday, Jan. 20, 2023. © Stefan Wermuth ...

NEOM has announced a major shake up of its management as long-time leader Nadhim Al Nasr has left his CEO role. The NEOM Board of Directors has announced the appointment of Eng. Aiman Al Mudaifer as ...

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 ...

NEOM, a Red Sea urban and industrial development nearly the size of Belgium due to house nearly nine million people, is central to the prince's Vision 2030 plan to create new engines of economic ...

Nadhmi al-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 ...

The crown prince originally announced NEOM in 2017 as a 26,500-square-km (10,230-square-mile) high-tech development with several zones, including industrial and logistics areas.

Saudi Arabia has replaced the CEO of the $500bn futuristic NEOM city, which is central to the kingdom’s Vision 2030 economic overhaul plan, in the latest leadership shakeup as the mega-project ...

The team for the first phase of Saudi Arabia’s ambitious city building project, The Line, is coming together as the country’s NEOM development company recently announced it had selected firms ...