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

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 ...

The move comes as the kingdom’s sovereign wealth fund, the Public Investment Fund, shifts its focus towards more commercially ...

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

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.

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

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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 ...

A leading Saudi investment official said in a speech on Wednesday that infrastructure projects that were part of the futuristic desert city of Neom would likely suffer delays but had not been ...

NEOM is being resized, not abandoned, as lower oil prices squeeze Saudi Arabia’s fiscal room. Riyadh is forced to reassess timelines and scale across its giga-projects despite Vision 2030 remaining ...