Saudi Arabia’s Neom has cancelled a roughly $1 billion tunnelling contract at the heart of its flagship “The Line” giga-project, according to public documents. South Korea-listed Hyundai Engineering & ...

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 ...

Saudi Arabia is betting half a trillion dollars on a cluster of giga projects so ambitious they've left engineers, investors, ...

Saudi sovereign wealth fund governor Yasir Al-Rumayyan tells Al Arabiya that some NEOM projects have been delayed as priorities are reassessed, but denies reports of cancellations ...

Saudi Arabia's $925 billion sovereign wealth fund will focus investments on the country's economy across six key themes under a new five-year strategy, deploying more money domestically in its latest ...

Saudi Arabia's plans to transform its economy were already facing headwinds when the Iran war broke out, placing them even ...

Saudi investment official says Neom projects delayed, not cancelled ...

Last week, Saudi Arabia rolled out a new sales pitch for NEOM, the futuristic megacity first announced nearly a decade ago.

Images appear to show a major palace for Saudi Arabia's ruler, Mohammed bin Salman. The palace has private beaches, extensive gardens, a golf course, and 10 helipads. Satellite images obtained by ...

RIYADH — PIF Governor Yasir Al-Rumayyan said no projects have been cancelled in NEOM, stressing that the development is undergoing a natural reassessment of spending priorities. In an interview with ...