NEOM — the company developing the northwest corner of Saudi Arabia which is controlled by Public Investment Fund and chaired ...

NEOM has terminated Webuild’s Connector High Speed Line contract in Tabuk, the Italian contractor has said, extending a ...

May 21 (Reuters) - Saudi Arabia's high-tech NEOM has terminated Webuild's contract for the Connector High-Speed Line project in Tabuk, Italy's largest construction company said on Thursday. The ...

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NEOM ended its contract with Webuild for a high-speed rail connector, with a backlog of $1.16 billion ...

The move comes as the kingdom’s sovereign wealth fund, the Public Investment Fund, shifts its focus towards more commercially viable infrastructure projects such as ports, utilities and data centres.

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.

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 ...

Yasir al-Rumayyan, governor of Saudi Arabia’s Public Investment Fund (PIF), said in an interview with Al Arabiya Business on Wednesday that no projects in NEOM have been cancelled so far, adding that ...

Saudi Arabia - Significant construction activities are already underway across several of NEOM's key regions, said Dennis Hickey, Chief Development Officer of NEOM, at a presentation at NEOM House ...

The Neom settlement project with the band city The Line in Saudi Arabia is controversial. It threatens to become a financial disaster. A mirrored city that stretches 170 kilometers through the desert: ...