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 ...
OilPrice.com on MSN
Saudi Arabia's Dream of a Futuristic Mega-City Collides With Reality
Saudi Arabia is scaling back Neom's original mega-city vision and repositioning the project around industrial development and large data centers.
“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 ...
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