Saudi Arabia is drawing a line in the sand under the soaring costs of its ambitious “Line” skyscraper gigaproject.

The name “NEOM” stands for the Greek “neos” (meaning “new”) and the Arabic word “mustaqbal” (meaning “future”), which stands ...

New Delhi: Saudi Arabia’s dream project Neom City seems to be in trouble. Semaphore reported in its report on Friday, July 18 ...

Saudi Arabia is reportedly reassessing the scope and timeline of its $500-billion NEOM initiative, including the flagship ...

The move by Saudi Arabia to review one of its megaprojects comes amid global scrutiny of its ambitious infrastructure agenda.

More than 1,000 people may be moved and a further 1,000 laid off as part of a sweeping audit of the $500 billion project.

Wynn Al Marjan Island’s casino, Saudi’s THE LINE, and Etihad Rail updates, this week’s roundup covers top stories shaping the ...

Saudi Arabia’s Royal Commission for Riyadh City (RCRC) has awarded an estimated $800m-$900m contract to build the next phase ...

Tim Callen, a visiting fellow at the Arab Gulf States Institute and a former IMF mission chief for Saudi Arabia, discusses ...

According to a recent news report, Saudi Arabian authorities are taking a closer look at the feasibility of that most ...

Brent crude prices currently at around $71 a barrel put fresh pressure on the kingdom’s finances. Bloomberg Economics ...

Saudi Arabia’s sovereign wealth fund has asked consultants to review the feasibility of its “The Line” gigaproject, Bloomberg ...