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” giga-project, according to public documents. South Korea-listed Hyundai Engineering & ...
The future of The Line, the visionary urban project planned within the NEOM megacity, appears to have been scaled back to be ...
Saudi Arabia is scaling back Neom's original mega-city vision and repositioning the project around industrial development and large data centers.
Hyundai Engineering & Construction said a tunnel construction contract in NEOM awarded to a consortium led by the South ...
Saudi Arabia's economy minister rejected recent reports that the kingdom's $1.5 trillion NEOM megaproject, a futuristic desert development on the Red Sea coast, is scaling back some of its plans. "All ...
Saudi Arabia's ambitious NEOM 'The Line' megacity, a car-free, zero-carbon vision, faces revised timelines and budget recalibrations. While initial construction of a 2.4km segment is underway with ...
DUBAI, United Arab Emirates — Saudi Arabia's sovereign wealth fund is reassessing its flagship $500 billion futuristic city called The Line. Stream Los Angeles News for free, 24/7, wherever you are.
DUBAI, United Arab Emirates(AP) — Saudi Arabia’s Olympic Committee and the Olympic Council of Asia have agreed to indefinitely postpone the 2029 Asian Winter Games, which were to have been held in a ...