Arabian Gulf Business Insight on MSN

Neom terminates $1bn tunnel contract at heart of The Line

Saudi Arabia’s Neom has cancelled a roughly $1 billion tunnelling contract at the heart of its flagship “The Line” ...
The future of The Line, the visionary urban project planned within the NEOM megacity, appears to have been scaled back to be linked to the development of digital infrastructure and the AI industry.
Saudi Arabia is scaling back its ambitious NEOM mega-project following contract cancellations and rising geopolitical ...
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 ...
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 is scaling back Neom's original mega-city vision and repositioning the project around industrial development and ...
Hyundai Engineering and Construction said a tunnel construction contract in NEOM awarded to a consortium led by the South Korean builder and Samsung CandT has been terminated, according to a regulator ...
The Line, a gleaming skyscraper that was set to run through the vast Saudi desert, is facing further hurdles as war in the ...
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 ...
Images appear to show a major palace for Saudi Arabia's ruler, Mohammed bin Salman. The palace has private beaches, extensive gardens, a golf course, and 10 helipads. Satellite images obtained by ...