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Saudi Arabia prioritizes sports for NEOM plans
Exclusive: Saudi Arabia prioritizes sports for NEOM plans as costs balloon, sources say
Saudi Arabia has scaled back lofty ambitions for its NEOM gigaproject to prioritize completing elements essential to hosting global sporting events over the next decade as rising costs weigh, three sources told Reuters a day after the sudden departure of the project's longtime 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.
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.
Soccer-Frustrated Saudi Arabia hold Australia 0-0
Australia and Saudi Arabia draw 0-0 in World Cup qualifier
Australia and Saudi Arabia have drawn 0-0 in Asian qualifying for the 2026 World Cup in Melbourne. While there was late drama there was little quality on display on Thursday.
Socceroos held to Saudi stalemate in Cup qualifier
The Socceroos have been left to rue failing to seize control of their World Cup qualification bid after they were held to a 0-0 home draw by Saudi Arabia. Saudi Arabia, with a vocal away contingent at their backs,
Soccer-Frustrated Saudi Arabia hold Australia 0-0 away in World Cup qualifier
Herve Renard marked his return to the Saudi Arabia dugout with a gritty 0-0 draw against hosts Australia as the Green Falcons fumed at a late disallowed goal that cost them maximum points in a crunch World Cup qualifier on Thursday.
1d
on MSN
Saudi Arabia's inflation rate edges up to 1.9% in October
Saudi Arabia's annual inflation rate continued to edge up in October to 1.9% from 1.7% in September, according to government ...
CelebrityAccess
7h
Saudi Arabia Sells Its Stake In Live Nation
The Saudi Public Investment Fund (PIF), Saudi Arabia's sovereign wealth fund, has sold its entire holding of more than 12 ...
2d
on MSN
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 ...
2d
Long-Time CEO of NEOM Goes as Saudi Arabia Scales Back Mega-Projects
DUBAI/RIYADH (Reuters) -Nadhmi al-Nasr, the long-time chief executive of the $500 billion NEOM mega-project at the heart of ...
3d
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 ...
2d
on MSN
'We have to be rational,' Saudi Arabia's climate envoy says at COP29
Jubeir, Saudi Arabia's climate envoy and minister of state for foreign affairs, says the kingdom is "way ahead of the world ...
3d
Trade Finance Driving Saudi Arabia's Economic Transformation: An Example Of Innovative Growth
The evolving trade finance landscape presents opportunities for private capital to bridge gaps traditionally left by ...
3d
on MSN
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 ...
NBC News
4d
Saudi Arabia accused of 'sportswashing' over aggressive push into international sports
Critics spoke out against the Women’s Tennis Association for picking
Saudi
Arabia
to host a major women’s sports event ...
3d
Disney Breaks New Ground With A Castle In Saudi Arabia
Building blockbuster theme parks isn't for the faint-hearted. Casting a powerful spell requires a backer with deep pockets ...
Business Insider on MSN
2d
Saudi Arabia's ruler used to be one of Trump's biggest fans. This time it's complicated.
An icon in the shape of a lightning bolt. Impact Link Donald Trump's first trip as US president to
Saudi
Arabia
in 2017 ...
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