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Saudi Arabia prioritizes sports for NEOM plans
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 scales back on NEOM plans to prioritise sports as costs rise
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, three sources told Reuters a day after the sudden departure of ...
'Saudis to prioritise sports plans for NEOM project as costs balloon'
Crown Prince Mohammed bin Salman has poured hundreds of billions of dollars into development projects through the kingdom's PIF sovereign wealth fund. But the world's top oil exporter has had to rein in some of its ambitious plans over the past year as low oil prices and production continue to hit an economy still reliant on hydrocarbon revenues.
Hosted on MSN
1d
The Line — a key part of Saudi Arabia's Neom project — is a visionary but flawed concept, urban planners say
Saudi
Arabia is constructing a huge mirrored city in the desert called The Line. The parallel skyscrapers planned to ...
2d
on MSN
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 ...
2d
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 ...
Gulf Times
12h
Saudi Arabia seen to prioritise sports for NEOM plans as costs balloon
Saudi
Arabia has scaled back lofty ambitions for its
NEOM
gigaproject to prioritise completing elements essential to ...
2d
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.
2d
Saudi Arabia Replaces CEO Of Futuristic Mega-city NEOM
Saudi Arabia announced Tuesday that it was replacing the chief executive of its futuristic mega-city NEOM as scepticism ...
Reuters
1d
Italy's SACE to give $3 bln loan guarantee for Saudi NEOM project, source says
ROME, Nov 13 (Reuters) - Italy's state export credit agency SACE will provide loan guarantees worth 3 billion dollars for ...
2d
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 ...
Engineering News-Record
2d
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 ...
2d
on MSN
Saudi Megaproject Announces Update Amid Worker Safety Questions
Newsweek contacted the Saudi Arabian Public Investment Fund, which manages the Vision 2030 projects, for comment via email.
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 ...
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