Saudi Arabia is scaling back its ambitious NEOM mega-project following contract cancellations and rising geopolitical tensions with Iran. The move highlights growing financial pressures on Vision 2030 ...

Saudi Arabia’s Neom has cancelled a roughly $1 billion tunnelling contract at the heart of its flagship “The Line” ...

Explore the ambitious developments of NEOM, Saudi Arabia's futuristic megacity with a $500 billion price tag. Key projects include: - **The Line:** A linear city spanning 170 km, featuring two ...

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 ...

In news that will probably be greeted with "well, duh," Saudi Arabia's incredibly ambitious plan to transform its country with the Neom gigaproject is costing more than expected. It's the scale that's ...

Hyundai Engineering & Construction said a tunnel construction contract in NEOM awarded to a consortium led by the South ...

The future of The Line, the visionary urban project planned within the NEOM megacity, appears to have been scaled back to be ...

Saudi Arabia's ambitious NEOM 'The Line' megacity, a car-free, zero-carbon vision, faces revised timelines and budget recalibrations. While initial construction of a 2.4km segment is underway with ...

RIYADH/DUBAI, April 22 (Reuters) - Saudi Arabia is to officially appoint Aiman al-Mudaifer as the chief executive of NEOM, the $500 billion mega-project at the heart of the kingdom's drive to ...

The construction work currently underway in Saudi Arabia for the Neom giga-project is unprecedented, with buildings like the Line transforming the desert landscape at a remarkable pace. Now an expert ...