Saudi Arabia is scaling back its ambitious NEOM mega-project following contract cancellations and rising geopolitical ...

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

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

Ambitious plans for a 100-mile-long megacity in Saudi Arabia – a key part of the kingdom’s $2 trillion redevelopment project – have been put on hold so they can be scaled back. Now, however, the ...

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 ...

Neom has cancelled the contracts related to the construction of the tunnel sections of The Line in northwest Saudi Arabia. In a stock exchange announcement filed on 13 March, South Korean contractor ...

Reports of delays at Neom — often citing unnamed sources — have circulated frequently. Now we have the confirmed postponement of the Asian 2029 Asian Winter Games in Trojena. Saudi Arabia’s ...

Saudi Arabia’s Vision 2030 giga-projects have reopened one of the Gulf’s biggest hiring channels and Indian workers are in the front row. From site teams on NEOM and The Line to hospitality crews on ...

Satellite view of construction progress at the Western portion of Neom, the Line, Saudi Arabia, 2023. [Photo: Gallo Images/Orbital Horizon/Copernicus Sentinel Data 2023] The scaling back follows years ...

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 ...