Arabian Gulf Business Insight on MSN

Neom terminates $1bn tunnel contract at heart of The Line

Saudi Arabia’s Neom has cancelled a roughly $1 billion tunnelling contract at the heart of its flagship “The Line” ...
Explore the ambitious developments of NEOM, Saudi Arabia's futuristic megacity with a $500 billion price tag. Key projects ...
The future of The Line, the visionary urban project planned within the NEOM megacity, appears to have been scaled back to be ...
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 ...
Neom has cancelled the contracts related to the construction of the tunnel sections of The Line in northwest Saudi Arabia. In a stock exchange announcement filed on 13 March, South Korean contractor ...
Saudi Arabia is scaling back Neom's original mega-city vision and repositioning the project around industrial development and large data centers.
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 ...
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 ...
Satellite view of construction progress at the Western portion of Neom, the Line, Saudi Arabia, 2023. [Photo: Gallo Images/Orbital Horizon/Copernicus Sentinel Data 2023] The scaling back follows years ...
The Line, a gleaming skyscraper that was set to run through the vast Saudi desert, is facing further hurdles as war in the ...
Images appear to show a major palace for Saudi Arabia's ruler, Mohammed bin Salman. The palace has private beaches, extensive gardens, a golf course, and 10 helipads. Satellite images obtained by ...