NEOM, Saudi Arabia

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 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.
Saudi Arabia Replaces CEO Developing Megacity of Neom
Saudi Arabia replaced the executive that was overseeing its plan to build the $1.5 trillion futuristic development known as Neom, in the latest sign that the project is struggling to deliver on its ambitions.
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 away from oil, has departed, NEOM said on Tuesday without giving a reason.
Neom's CEO Is Out In Another Blow For Saudi Arabia's Ambitious Planned City
Saudi Arabia's ambitious futuristic city plans have been bogged down by delays and changes. The most recent is the departure of its CEO, Nadhmi al-Nasr.
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.
CEO resigns amid Saudi 'Neom City' business difficulties
Nasr, who was in charge of the "Neom City" business, which Saudi Arabia's crown prince bin Salman has been pushing ambitiously, has
Neom CEO Nadhmi Al-Nasr Departs As Futuristic Megacity Project Resets
Saudi Arabia’s futuristic city project Neom has announced the departure of long-time CEO Nadhmi Al-Nasr in an abrupt ...
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 ...
Reuters20h
Italy's SACE to give $3 bln loan guarantee for Saudi NEOM project, source says
NEOM, a Red Sea urban and industrial development nearly the size of Belgium due to house nearly nine million people, is ...
UK to Spell Out Crypto Plans as Startups Eye US Trump Benefits
The British government will seek to combat the lure of a Donald Trump-led US to the cryptocurrency industry by setting out ...
The Straits Times8h
Saudi Arabia prioritizes sports for NEOM plans as costs balloon, sources say
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 ...