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” ...
Hyundai Engineering & Construction said a tunnel construction contract in NEOM awarded to a consortium led by the South ...
Saudi Arabia is scaling back its ambitious NEOM mega-project following contract cancellations and rising geopolitical tensions with Iran. The move highlights growing financial pressures on Vision 2030 ...
NEOM Sports Club, the highly ambitious Saudi Arabian side, will compete in next season’s Roshn Saudi League after sealing promotion on Tuesday night. The First Division League leaders secured their ...
The 2026 February Digital Sale closed Tuesday evening with gross sales of $5,881,500 for 189 horses sold. The sale opened Thursday, Feb. 19. Offerings included horses of racing age, racing/broodmare ...
Neom vloggers have been cropping up online to show off their lives in the desert city. But the posts reveal a less-glamorous reality of the developing Saudi city. Some mocked Saudi Arabia's future ...
In news that will probably be greeted with "well, duh," Saudi Arabia's incredibly ambitious plan to transform its country with the Neom gigaproject is costing more than expected. It's the scale that's ...
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 ...
Saudi Arabia is still spending big on Neom, its megacity in the desert. The country's Vision 2030 projects have now reached $1.3 trillion in value, per Bloomberg. The cost of the project has ...
Al-Nassr extended their winning run to 11 Saudi Pro League matches after beating NEOM 1-0 without the injured Cristiano ...
A luxurious bath-and-body set is one of the easiest ways to bring a little spa-like relaxation into everyday life. And we've found a way to get a four-piece NEOM bundle for less. Right now, NEOM's ...
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 ...