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 ...
Hyundai Engineering & Construction said a tunnel construction contract in NEOM awarded to a consortium led by the South ...
Neom has cancelled the contracts related to the construction of the tunnel sections of The Line in northwest Saudi Arabia. In a stock exchange announcement filed on 13 March, South Korean contractor ...
Saudi Arabia is scaling back Neom's original mega-city vision and repositioning the project around industrial development and large data centers.
In news that will probably be greeted with "well, duh," Saudi Arabia's incredibly ambitious plan to transform its country with the Neom gigaproject is costing more than expected. It's the scale that's ...
“There won’t be a single supermarket,” Saudi crown prince Mohammad bin Salman told Bloomberg in 2017. “Zero. Nobody will go and buy things for their home. Everything will come to your house using ...
Al-Nassr extended their winning run to 11 Saudi Pro League matches after beating NEOM 1-0 without the injured Cristiano ...
A luxurious bath-and-body set is one of the easiest ways to bring a little spa-like relaxation into everyday life. And we've found a way to get a four-piece NEOM bundle for less. Right now, NEOM's ...
NEOM Sports Club, the highly ambitious Saudi Arabian side, will compete in next season’s Roshn Saudi League after sealing promotion on Tuesday night. The First Division League leaders secured their ...