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Saudi Arabia prioritizes sports for NEOM plans
Exclusive-Saudi Arabia prioritizes sports for NEOM plans as costs balloon, sources say
By Pesha Magid, Hadeel Al Sayegh and Federico Maccioni RIYADH/DUBAI (Reuters) -Saudi Arabia has scaled back lofty ambitions for its NEOM gigaproject to prioritize completing elements essential to hosting global sporting events over the next decade as rising costs weigh,
Saudi Arabia is trying to build a mega-city in the desert. Now, Neom is dialing back plans for its first stage.
The authoritarian country is spending billions on international athletics, from Formula 1 to combat sports, to boost its bottom line and image.
Neom CEO Nadhmi Al-Nasr Departs As Futuristic Megacity Project Resets
Saudi Arabia’s futuristic city project Neom has announced the departure of long-time CEO Nadhmi Al-Nasr in an abrupt leadership reshuffle.
Hosted on MSN
22h
Saudi Arabia's Neom replaces its CEO amid reports of delays and cutbacks
Neom
's board of directors announced on Tuesday the appointment of Aiman Al-Mudaifer as acting CEO of the company following ...
اخبار 24
2h
Italy's SACE to provide $3B in loans for NEOM project
The Italian Export Credit Agency SACE will grant loan guarantees worth $3 billion (equivalent to SAR 11.25 billion) for Saudi ...
Engineering News-Record
1d
NEOM Names Phase One Design Team for Saudi Arabia 'The Line' Megaproject
The team for the first phase of Saudi Arabia’s ambitious city building project, The Line, is coming together as the country’s ...
Hoteliermiddleeast.com
6h
Aiman Al Mudaifer takes charge as NEOM’s Acting CEO
The leadership change comes as Neom moves closer to its Vision 2030 goals, prioritising sustainability, smart infrastructure ...
bdnews24
14m
Saudi Arabia prioritises sports for NEOM plans as costs balloon, sources say
Saudi Arabia has scaled back lofty ambitions for its
NEOM
gigaproject to prioritize completing elements essential to ...
1d
Saudi Arabia’s NEOM megaproject boss sacked after ‘threatening to BURY worker in desert’ in latest blow to $1tn scheme
THE highly controversial boss of Saudi Arabia’s pricey NEOM project has been sacked after allegedly threatening to bury a ...
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Saudi Arabia
The Line
Nadhmi
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