Exclusive-Saudi Arabia Prioritizes Sports for NEOM Plans

Saudi Arabia's Neom replaces its CEO amid reports of delays and cutbacks
Neom is set to host hyper-futuristic cityscapes and structures — but financial pressures on the kingdom are changing.
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 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.
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.
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 Saudi Arabia's drive to diversify away from oil, has departed, NEOM said on Tuesday without giving a reason.
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.

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Azerbaijan's SOCAR, UAE's Masdar, Saudi Arabia's ACWA Power to build wind farms jointly in Azerbaijan's area of Caspian Sea
"The first offshore wind power plants are planned to be built in Azerbaijan as part of the joint project," SOCAR said. A total of 3.5 GW in capacity is expected. SOCAR said that President Rovshan ...