Neom, Saudi Arabia's ambitious mega tourism project, faces a harsh reality as financial troubles mount, revealing a potential ...

Saudi Arabia’s 170km-long desert city is in trouble. The futuristic, carbon-neutral Neom project is turning into financial quicksand. Crown Prince Mohammed bin Salman has staked his legacy on building ...

In news that will probably be greeted with "well, duh," Saudi Arabia's incredibly ambitious plan to transform its country ...

But a draft presentation from last year obtained by the WSJ now pegs the final cost of Neom at $8.8T by 2080, more than 25 ...

The changes helped to push the IRR up to 9.3%. The audit said Antoni Vives, who oversaw the broad vision at Neom and then ran ...

Private yachts were moored nearby, and some of the biggest celebrities were in attendance as Saudi Arabia partially opened ...

An email revealed that Antoni Vives, who was put in charge of Neom's coastal resort called Sindalah, told consultants that "we must not proactively mention cost at all" before a key meeting ...

According to a new report, Neom, Saudi Arabia’s futuristic city in the desert, has run into serious trouble. Overrunning costs, missed deadlines and an internal audit showing ‘manipulation’ of ...

The Neom settlement project with the band city The Line in Saudi Arabia is controversial. It threatens to become a financial ...

Saudi Arabias ambitious Neom project, envisioned as a futuristic city in the desert, is facing severe financial and ...

Little wonder the project’s CEO has suddenly stepped down. The coastal island Sindalah resort is the first segment of the Neom gigacity project to be completed. It’s being used as an ...

It was supposed to be a launch party for the new Saudi Arabia.