The horizontal skyscraper sci-fi dream is now just a colossal crater in the desert.

Saudi Arabia’s NEOM has delayed further work on The Line — the planned 170-kilometer long dual skyscrapers once projected to ...

NEOM has terminated Webuild’s Connector High Speed Line contract in Tabuk, the Italian contractor has said, extending a ...

May 21 (Reuters) - Saudi Arabia's high-tech NEOM has terminated Webuild's contract for the Connector High-Speed Line project in Tabuk, Italy's largest construction company said on Thursday. The ...

NEOM ended its contract with Webuild for a high-speed rail connector, with a backlog of $1.16 billion ...

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Projects such as NEOM, The Line and winter resorts in desert regions were presented as symbols of a new economic era. Today, ...

The move comes as the kingdom’s sovereign wealth fund, the Public Investment Fund, shifts its focus towards more commercially ...

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 ...

Saudi Arabia’s Neom giga-project has terminated the contract to build a high-speed rail line connecting Oxagon, its port and floating industrial zone, with The Line, the zero-carbon linear city. A €1.

Yasir al-Rumayyan, governor of Saudi Arabia’s Public Investment Fund (PIF), said in an interview with Al Arabiya Business on Wednesday that no projects in NEOM have been cancelled so far, adding that ...

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 ...