It was supposed to the most groundbreaking structure the world had ever seen. But now, this multi-trillion-dollar “smart city ...

It was supposed to be the showcase of a country’s renewal, the symbol of its creative power and human ingenuity. But maybe ...

Saudi Arabia’s NEOM has delayed further work on The Line — the planned 170-kilometer long dual skyscrapers once projected to cost more than $1 trillion — until at least after 2030 as the kingdom’s ...

NEOM’s 2026-2030 budget includes $16 billion in anticipated payments to contractors to terminate long-term agreements, ...

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

NEOM has exercised its contractual right to withdraw from the Connector High-Speed Line project in Sharma, Saudi Arabia, a high-speed railway along the northern Red Sea coast where Webuild had reached ...

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

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 ...

The move comes as the kingdom’s sovereign wealth fund, the Public Investment Fund, shifts its focus towards more commercially viable infrastructure projects such as ports, utilities and data centres.

May 21 (Reuters) - Saudi Arabia's high-tech NEOM has terminated Webuild's (WBD.MI), opens new tab contract for the Connector High-Speed Line project in Tabuk, Italy's largest ‌construction company ...

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.

MBS's Vison 2030 project seemed the stuff of science fiction. Now reality has bitten ...