Saudi Arabia needs peace in the Middle East for its $500 billion Neom...
Many of these planned tourist destinations are located on the Red Sea coast, where tensions have been escalating since the October 7 Hamas attacks on Israel and the subsequent conflict in Gaza and beyond.
View ArticleNeom's push for foreign investment is getting trickier after allegations of...
The images of the planned Saudi desert megacity of Neom depict a futuristic utopia. It is billed as a paradise for foreign investors as well as the people who will live there. But underneath the image...
View ArticleExiled Saudi colonel says forces were authorized to kill villagers who...
An exiled Saudi colonel says Saudi Arabia authorized the use of lethal force to clear the way for its Neom desert megacity. Col Rabih Alenezi, who went into exile in the UK last year, told BBC News he...
View ArticleEnergy CEO said he canceled a $100M contract when he realized the Saudis were...
A green energy founder pulled out of a $100 million Neom contract after he realized that the Saudis were bulldozing villages to make way for the megacity. Malcolm Aw, the CEO and founder of Solar...
View ArticleNeom planners reportedly fear its huge mirrored structure called The Line...
Neom planners seem worried that the megaproject's mirrored "horizontal skyscraper" will kill a "significant number of birds." According to documents reviewed by The Wall Street Journal, the concerns...
View ArticleSaudi Arabia's megaprojects are so expensive that even its oil riches may not...
Saudi Arabia is borrowing to help fund an array of ambitious projects including the $500 billion Neom desert megacity, The Wall Street Journal reported. Under its ambitious ruler Mohammed bin Salman's...
View ArticleSaudi Arabia wants big spenders for the first part of its Neom megaproject
Saudi Arabia plans to open the first region of its Neom megacity by the end of the year. The island of Sindalah will provide the first physical glimpse into the ambitious desert project, which has...
View ArticleSaudi Arabia is desperately trying to woo bankers to pay for its futuristic...
For the first time, Saudi Arabia is inviting hundreds of private bankers this week to visit Neom, its futuristic — and cash-strapped — city in the desert, Bloomberg reported. Neom CEO Nadhmi Al-Nasr...
View ArticleThe reality of spending $500 billion to build Neom is starting to hit home...
Saudi Arabia's plan for its $500 billion futuristic city, Neom, is as ambitious as it gets. The project's finances may prove a sticking point, though, since the kingdom's sovereign wealth fund has yet...
View ArticleSaudi Arabia's $500 billion Neom megacity is reportedly seeking new sources...
Saudi Arabia's Neom project is set to issue bonds for the first time as its developers seek new funding sources, Bloomberg reported. The $500 billion desert megacity could raise up to $1.3 billion by...
View ArticleSaudi Arabia wants China to help fund its struggling $500 billion Neom...
Saudi Arabia took its Neom road show to China amid speculation about the scope of the project and its finances. Neom officials visited Beijing, Shanghai, and Hong Kong last week to court Chinese...
View ArticleSaudi Arabia's futuristic $500 billion Neom megacity just got a lot...
Saudi Arabia has cut estimates for the number of people living in its Neom megacity project by 2030. Its government had previously said it wanted 1.5 million residents to be moved into the project's...
View ArticleTake a closer look at the plans for the main regions of Neom, Saudi's epic...
Saudi Arabia's futuristic and highly ambitious Neom megacity has been billed by officials as a place where people can "dream big." First announced in 2017, Neom is being constructed in Tabuk, located...
View ArticleSaudi Arabia is desperately trying to convince everyone that Neom megaproject...
Saudi Arabia says its Neom megacity project is going ahead as planned. The kingdom has been battling reports that plans for the ambitious desert city have suffered setbacks. In recent months, Western...
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