Officials weigh scaling back the futuristic city amid funding pressures, delays and environmental concerns over the project.

Saudi Crown Prince Mohammed bin Salman’s flagship project Neom is set to be significantly downscaled and redesigned as a ...

Sources tell Financial Times that ambitious desert city to be scaled back significantly and redesigned, as financial squeeze ...

The kingdom has also raised billions of US dollars from bond sales in recent years Read more at The Business Times.

Saudi Arabia’s NEOM has brought in a new tier of management to improve oversight of the more than $1 trillion project at the ...

Saudi Arabia’s confirmation on delayed 2029 Asian Winter Games and a report that Neom is being scaled back raise doubts about ...

DUBAI, United Arab Emirates (AP) — Saudi Arabia’s Olympic Committee and the Olympic Council of Asia have agreed to indefinitely postpone the 2029 Asian Winter Games, which were to have been held in a ...

The postponement marks a setback for the kingdom, which has committed to hosting several major events over the next decade.

The ambitious megaproject is being scaled back, including a component that could be geared towards the AI boom.

After years of delays, rising costs and grand promises, Riyadh is rethinking the scale and purpose of its most ambitious ...

One possible reason for the turn in Saudi messaging is that Riyadh is “very afraid of Israel,” Edy Cohen, a research fellow ...