How Saudi Arabia's spending spree reached the end of the line

MBS's Vison 2030 project seemed the stuff of science fiction. Now reality has bitten ...

Saudi’s NEOM halts work on The Line until after 2030

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

Saudi Arabia delays key NEOM projects, including The Line, until after 2030: Report

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.
Construction Week Online

NEOM terminates contract with Webuild in Saudi Arabia, effective May 27

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

Saudi Arabia’s mega project era: Is big spending phase coming to an end?

Projects such as NEOM, The Line and winter resorts in desert regions were presented as symbols of a new economic era. Today, ...

Saudi Arabia's dazzling vision was crashing into reality even before the Iran war broke out

Saudi Arabia's plans to transform its economy were already facing headwinds when the Iran war broke out, placing them even ...

Saudi Arabia is building three giant dams in the desert for a 2.8-kilometer lake, and the project is a direct fight against evaporation

NEOM has exercised a “ termination for convenience ” to end Webuild’s contract for three dams meant to feed a freshwater lake ...