The Crown Prince of Saudi Arabia’s dreams of a glittering, futuristic city spanning his nation’s desert have come crashing down.

The horizontal skyscraper sci-fi dream is now just a colossal crater in the desert. Saudi Arabia has halted construction on ...

Saudi Arabia’s NEOM has delayed further work on The Line — the planned 170-kilometer long dual skyscrapers once projected to ...

NEOM has terminated Webuild’s Connector High Speed Line contract in Tabuk, the Italian contractor has said, extending a ...

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

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

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 ...

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 ...

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.

Saudi Arabia’s sovereign wealth fund has not cancelled any projects within its flagship NEOM development, though some have been delayed as priorities are reassessed, Public Investment Fund (PIF) ...

Saudi Arabia is deploying more money domestically to diversify reliance on oil Five-year plan groups industries across six so-called ecosystems that fund will prioritize PIF Governor confirms for ...