Arabian Gulf Business Insight on MSN

Neom uncertainty leaves $10bn joint venture in limbo

A multi-billion dollar joint venture between Saudi Arabia’s giga-project Neom and DSV, one of the world’s largest logistics groups, remains in limbo as tighter fiscal conditions force the kingdom to ...
DUBAI, United Arab Emirates — Saudi Arabia's sovereign wealth fund is reassessing its flagship $500 billion futuristic city called The Line. Stream Los Angeles News for free, 24/7, wherever you are.
Nearly a decade ago, the Saudi crown prince promised to build a gleaming utopia on the coast of the Red Sea that would redefine how human beings lived and worked. But experts say the scaling back of ...
Saudi Arabia is considering a major revision of its $500bn Neom project, with reports indicating that The Line, which is the planned 170km linear city, may be converted into a data centre hub to ...
NEOM Between Reduced Ambitions And Progress. When it comes to state-funded megaprojects, skepticism is in order, as more ...
DUBAI, United Arab Emirates — Saudi Arabia's sovereign wealth fund is reassessing its flagship $500 billion futuristic city called The Line. The public investment fund has tapped consulting firms to ...