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

Neom's initial $500 billion price tag has ballooned to trillions, leading to project scaling back and a focus on smaller, more achievable goals. Saudi Arabia's reliance on oil revenue and volatile oil ...

“There won’t be a single supermarket,” Saudi crown prince Mohammad bin Salman told Bloomberg in 2017. “Zero. Nobody will go and buy things for their home. Everything will come to your house using ...

Hyundai Engineering & Construction said a tunnel construction contract in NEOM awarded to a consortium led by the South ...

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 ...

Zurich, Switzerland, May 30, 2023 (GLOBE NEWSWIRE) -- Hitachi Energy, a global technology leader advancing a sustainable energy future for all, has signed agreements under the supervision and ...

Saudi Arabia transforms its failed $50B linear city project into AI data centers, pivoting from urban fantasy to practical ...

Zurich, Switzerland, May 30, 2023 (GLOBE NEWSWIRE) -- Hitachi Energy, a global technology leader advancing a sustainable energy future for all, has signed agreements under the supervision and ...

Saudi Arabia's ambitious NEOM 'The Line' megacity, a car-free, zero-carbon vision, faces revised timelines and budget recalibrations. While initial construction of a 2.4km segment is underway with ...