Nov 14, 2024The statement also said that Neom was entering "a new phase of delivery". Some reports have suggested this will see a scaling down of plans. When approached by NCE, Neom representatives did not elaborate on how the new phase differs from the old one and said it would provide no further comment on Nadhmi Al-Nasr's departure. He had been in ...
Apr 29, 2024"For NEOM, the projects, the intended scale is continuing as planned. There is no change in scale," Saudi Economy Minister Faisal Al Ibrahim told CNBC.
Jun 23, 2024Some projects will proceed as planned, but some might get delayed or scaled down." Announced in 2017, Neomis a $500bn (£394bn) plan to build 10 futuristic cities in a desert region in the ...
Nov 13, 2024Saudi Arabia's Neom, a $1.5 trillion mega-city project aimed at transforming the Kingdom's economy, has run into a new challenge. Its long-time chief executive, Nadhmi al-Nasr, has departed without giving any reason. This is among the many roadblocks the project has experienced, including scaled-back timelines and complaints of harsh working conditions
Nov 12, 2024Nadhmi al-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 ...
Apr 8, 2024Saudi Arabia's ambitious $500 billion NEOM mega-project, a key part of Crown Prince Mohammed bin Salman's Vision 2030 plan, could be downscaled, according to reports.. One of the key aspects of the west coast development is the The Line, which is planned to host 1.5 million people by 2030 but has now been downsized to 300,000 residents, Saudi government sources told Bloomberg.
Nov 14, 2024Another priority is the completion of Trojena, a planned mountain resort which will host the Asian Winter Games in 2029, the same source said, adding that Neom had been "scaled down and broken ...
Nov 28, 2024Neomis one element, and its finance minister said the project is a "very long-term program." ... Earlier this month the CEO of Neom abruptly stepped down after six years in the role. No ...
Nov 14, 2024Neom, Saudi Arabia's high-tech desert city, is heading for a dialed-down first stage as costs soar. ... Neom was planned to accommodate some 1.5 million people by 2030, but that number is thought ...
Nov 12, 2024Neomis the wild dream of Saudi Crown Prince Mohammed bin Salman. The pitch is that the area will be transformed into an urban paradise with robot dinosaurs, flying cars, and a giant artificial ...
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