NEOM News

The latest news and information about NEOM, ENOWAOXAGONTHE LINE, TONOMUSTROJENA and other NEOM related projects

NEOM’s acting chief reviews Saudi mega-project after setbacks


The acting chief executive of Saudi Arabia’s NEOM has in recent weeks launched a “comprehensive review” of the scope and priority of projects within Crown Prince Mohammed bin Salman’s flagship scheme, two people familiar with the matter said.

Aiman al-Mudaifer was appointed acting chief executive in November following the abrupt departure of Nadhmi al-Nasr, who led the $500bn mega project for six years but faced increasing scrutiny over his management style and pressure to deliver results.

NEOM, which officials describe as the world’s biggest construction site, covers a vast area of desert and mountains along the Red Sea, stretching up to the borders of Jordan and Egypt. It includes multiple developments, including a futuristic linear city called THE LINE, which is ultimately supposed to run 170km; a coastal logistics and industrial zone known as OXAGON; and a ski resort called TROJENA that is set to host the Asian Winter Games in 2029.

Read the full story at FT