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Saudi Arabia prioritizes sports for NEOM plans
Exclusive: Saudi Arabia prioritizes sports for NEOM plans as costs balloon, sources say
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 the project's longtime CEO.
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 the unexpected departure of Nadhmi Al-Nasr, who was put in charge of the project in 2018. The region, as envisioned by Saudi Crown ...
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.
1d
NEOM green hydrogen project on track
Despite recent setbacks for the megacity, its renewable hydrogen project is seeing higher demand than production capacity.
Hoteliermiddleeast.com
11h
From NEOM to Sheraton Dubai Creek, QWERTY, and more: Biggest hires of the week
Get to know the top movers and shakers across the region this week. From NEOM to Sheraton Dubai Creek, QWERTY, and more: ...
Middle East Eye
3d
Neom boss who bragged he ran employees 'like slaves' leaves Saudi megaproject
The chief executive of Saudi Arabia’s futuristic city,
Neom
, has left his role, along with several other executives who ...
Arabian Business
10h
Dubai real estate ‘stabilising’; Damac launches airline; NEOM management changes; UAE salary increases – 10 things you missed this week
Dubai real estate forecast, Damac Air launch, NEOM management changes, Nakheel releases Palm Jebel Ali beach villas and more ...
Hoteliermiddleeast.com
11h
NEOM’s THE LINE development appoints design teams
The collaboration supports Phase One’s urban vision, laying the groundwork for a sustainable, car-free city that harmonises ...
Middle East Eye
1d
Saudi Arabia scales back Neom plans to focus on World Cup and Asian Games
Saudi Arabia has scaled back some of its ambitious plans for
Neom
, the megacity it is building in the northwest of the ...
Financial News
2d
Neom leadership shifts amidst controversies and challenges
Neom's CEO exits amid misconduct allegations, raising concerns over project's future amidst leadership changes and financial ...
Hoteliermiddleeast.com
2d
Aiman Al Mudaifer takes charge as NEOM’s Acting CEO
The leadership change comes as Neom moves closer to its Vision 2030 goals, prioritising sustainability, smart infrastructure ...
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Saudi Arabia
The Line
Mohammad bin Salman
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