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 ...
CNBC

From futuristic NEOM to tech and tourism, Saudi Arabia's priorities are shifting

Faisal Alibrahim, Saudi's economy minister, told CNBC the country was "reprioritizing a little bit towards sectors that need it the most." It comes after Riyadh launched an ambitious strategy, "Vision ...
CNBC

Saudi Arabia reckons with its costly megaprojects as $500 billion 'The Line' is reviewed

Monday - Friday: 12:00 - 13:00 SIN/HK | 0600 - 07:00 CET Saudi Arabia's Public Investment Fund has tapped consulting firms to conduct a strategic review of plans for the 105-mile linear city. Neom did ...
NBC 10 Philadelphia

Saudi Arabia says all NEOM megaprojects will go ahead as planned despite reports of scaling back

Saudi Arabia's economy minister rejected recent reports that the kingdom's $1.5 trillion NEOM megaproject, a futuristic desert development on the Red Sea coast, is scaling back some of its plans. "All ...
Bloomberg L.P.

Saudi Arabia’s New Pitch to Wall Street: Less Neom, More AI

In 2017, Crown Prince Mohammed bin Salman sat alongside Steve Schwarzman and Masayoshi Son at the first iteration of Saudi Arabia’s annual financial summit to unveil a next-century city called Neom.