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

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

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 ...

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

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

NEOM ends Webuild's Connector High-Speed Line contract in Saudi Arabia. The terminated works were 20% complete with a €1B ...

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.

MBS's Vison 2030 project seemed the stuff of science fiction. Now reality has bitten ...

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 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 ...