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.

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

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

Kingdom's premier gigaproject could slash an estimated 20 percent of its workforce amid cost cutting, Semafor reports ...

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

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

Saudi Arabia has asked consulting firms to conduct a strategic review of its ambitious plans for building a futuristic city ...

Saudi Arabia's PIF has launched a strategic review of The Line, NEOM's $500bn linear city, amid financial constraints and ...

The kingdom has been scaling back large-scale construction and investment projects amid rising costs and lower oil prices ...

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

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