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 ...
Webuild has confirmed that its contract for major water infrastructure works at Trojena has been terminated by the client ...
Neom has cancelled the contracts related to the construction of the tunnel sections of The Line in north-west Saudi Arabia.
Saudi Arabia is scaling back its ambitious NEOM mega-project following contract cancellations and rising geopolitical ...
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 ...
NEOM — NEOM has announced that neighborhood planning and design for the first phase of THE LINE will commence in early 2025, marking a new stage in the development of this innovative linear city. To ...
NEOM, backed by the kingdom’s Public Investment Fund (PIF), has exercised a “termination for convenience” clause on the ...
Add Yahoo as a preferred source to see more of our stories on Google. The Line — a key part of Saudi Arabia's Neom project — is a visionary but flawed concept, urban planners say Saudi Arabia has ...
The world’s largest real estate development, a project in the desert envisioned by Saudi Crown Prince Mohammed bin Salman, has welcomed its first residents, but the project is already more than three ...
The world's largest construction project has lost its CEO. Neom, Saudi Arabia's futuristic city development, will instead be overseen by execs from the country's sovereign wealth fund. Nadhmi ...