Arabian Gulf Business Insight on MSN

Neom terminates $1bn tunnel contract at heart of The Line

Saudi Arabia’s Neom has cancelled a roughly $1 billion tunnelling contract at the heart of its flagship “The Line” ...
Saudi Arabia is scaling back its ambitious NEOM mega-project following contract cancellations and rising geopolitical ...
Hyundai Engineering & Construction said a tunnel construction contract in NEOM awarded to a consortium led by the South ...
Neom has cancelled the contracts related to the construction of the tunnel sections of The Line in northwest Saudi Arabia. In a stock exchange announcement filed on 13 March, South Korean contractor ...
“There won’t be a single supermarket,” Saudi crown prince Mohammad bin Salman told Bloomberg in 2017. “Zero. Nobody will go and buy things for their home. Everything will come to your house using ...