Exclusive-Saudi Arabia Prioritizes Sports for NEOM Plans

Saudi Arabia's Neom replaces its CEO amid reports of delays and cutbacks
Neom's board of directors announced on Tuesday the appointment of Aiman Al-Mudaifer as acting CEO of the company following the unexpected departure of Nadhmi Al-Nasr, who was put in charge of the project in 2018.
Exclusive-Saudi Arabia Prioritizes Sports for NEOM Plans as Costs Balloon, Sources Say
Exclusive-Saudi Arabia Prioritizes Sports for NEOM Plans as Costs Balloon, Sources Say By Pesha Magid, Hadeel Al Sayegh and Federico Maccioni RIYADH/DUBAI (Reuters) - Saudi Arabia has scaled back lofty ambitions for its NEOM gigaproject to prioritize ...
Saudi Arabia Replaces CEO Developing Megacity of Neom
Saudi Arabia replaced the executive that was overseeing its plan to build the $1.5 trillion futuristic development known as Neom, in the latest sign that the project is struggling to deliver on its ambitions.
Saudi Arabia parts ways with the CEO of Neom, its new desert megacity
Neom, Saudi Arabia's ambitious megacity project, is a key part of the kingdom's Vision 2030 scheme. Its CEO stepped down after six years in the role.
Long-time CEO of NEOM goes as Saudi Arabia scales back mega-projects
The futuristic city is central to Crown Prince Mohammed bin Salman's plan to create new engines of economic growth beyond oil. But some of the schemes have had to be scaled back due to rising costs.
​Saudi Arabia prioritises sports for Neom project as costs soar
Saudi Arabia has scaled back ambitions for its Neom gigaproject, amid rising costs, in order to prioritise completing elements that are essential to hosting global sporting events, sources have told Reuters following the sudden departure of the project’s long-time CEO.
Saudi Arabia is trying to build a mega-city in the desert. Now, Neom is dialing back plans for its first stage.
The authoritarian country is spending billions on international athletics, from Formula 1 to combat sports, to boost its bottom line and image.
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