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 ...

Saudi Arabia unveiled new pictures of the Neom megacity planned by its ruler, Mohammed bin Salman. They highlight the landscapes surrounding the city, and present it as a vacation paradise. But ...

Saudi Arabia’s Neom has cancelled a roughly $1 billion tunnelling contract at the heart of its flagship “The Line” ...

Saudi Arabia is still spending big on Neom, its megacity in the desert. The country's Vision 2030 projects have now reached $1.3 trillion in value, per Bloomberg. The cost of the project has ...

Saudi Arabia is scaling back Neom's original mega-city vision and repositioning the project around industrial development and large data centers.

Saudi Arabia is reportedly getting ready to slash Neom's budget. The megaproject is expected to get 20% less than its target funding, Bloomberg reported. Saudi Arabia has been struggling to justify ...

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 ...

We've seen a lot of crazy renders and heard big promises but now Saudi Arabia has finally delivered on the first part of its incredible Neom giga-project. Named Sindalah, it provides an ...

Saudi Arabia's investments in construction and infrastructure projects over the last eight years have totaled $1.3 trillion, according to new analysis. As part of the country's attempt to diversify ...