It was supposed to the most groundbreaking structure the world had ever seen. But now, this multi-trillion-dollar “smart city ...

Saudi government to spend $16 billion on cancelling parts of troubled Neom megacity project: report - The Line, a ...

Saudi Arabia’s NEOM has delayed further work on The Line — the planned 170-kilometer long dual skyscrapers once projected to cost more than $1 trillion — until at least after 2030 as the kingdom’s ...

It was supposed to be the showcase of a country’s renewal, the symbol of its creative power and human ingenuity. But maybe ...

DUBAI, United Arab Emirates — Saudi Arabia's sovereign wealth fund is reassessing its flagship $500 billion futuristic city called The Line. The public investment fund has tapped consulting firms to ...

The move comes as the kingdom’s sovereign wealth fund, the Public Investment Fund, shifts its focus towards more commercially viable infrastructure projects such as ports, utilities and data centres.

The construction work currently underway in Saudi Arabia for the Neom giga-project is unprecedented, with buildings like the Line transforming the desert landscape at a remarkable pace. Now an expert ...

Projects such as NEOM, The Line and winter resorts in desert regions were presented as symbols of a new economic era. Today, ...

Saudi Arabia's economy minister rejected recent reports that the kingdom's $1.5 trillion NEOM megaproject, a futuristic desert development on the Red Sea coast, is scaling back some of its plans. "All ...