Arabian Gulf Business Insight on MSN

Neom cancels $5bn Trojena dam and lake contract

Saudi Arabia’s Neom giga-project has terminated the contract to build three dams to create a freshwater lake at the Trojena ...
Neom has cancelled the contracts related to the construction of the tunnel sections of The Line in north-west Saudi Arabia.
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” ...
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 ...
Trojena had been due to stage the Asian Winter Games in 2029, but Saudi Arabia pulled out of hosting in January ...
Uncover the challenges facing NEOM's Line project: ambitious urban design meets harsh financial and physical realities.
Saudi Arabia is scaling back Neom's original mega-city vision and repositioning the project around industrial development and large data centers.
Hyundai Engineering and Construction said a tunnel construction contract in NEOM awarded to a consortium led by the South Korean builder and Samsung CandT has been terminated, according to a regulator ...
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 ...
Satellite view of construction progress at the Western portion of Neom, the Line, Saudi Arabia, 2023. [Photo: Gallo Images/Orbital Horizon/Copernicus Sentinel Data 2023] The scaling back follows years ...