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” ...
Hyundai Engineering & Construction said a tunnel construction contract in NEOM awarded to a consortium led by the South ...
Saudi Arabia is scaling back its ambitious NEOM mega-project following contract cancellations and rising geopolitical tensions with Iran. The move highlights growing financial pressures on Vision 2030 ...
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 ...
“There won’t be a single supermarket,” Saudi crown prince Mohammad bin Salman told Bloomberg in 2017. “Zero. Nobody will go and buy things for their home. Everything will come to your house using ...