One might picture a shining tower or an endless solar farm when they see or hear the word NEOM, a futuristic $500 billion megacity that rose out of the Saudi desert. However, there is more to NEOM ...

Initially, its promoters were looking to attract $500 billion in public and private capital, but Neom is reportedly having a hard time getting the money. The delays and cost overruns kept mounting ...

Saudi Arabia’s Neom, the megacity being developed on the Red Sea coast, secured a $5 billion investment from a local firm to establish an AI data center. The deal with Saudi-based DataVolt will ...

The project is said to be part of Neom, the ridiculously expensive, multi-trillion dollar urban development effort based along the Saudi Arabian coast. On Tuesday, the deal between Neom (a private ...

Saudi Arabia is trying to diversify its economy away from oil under a plan called Vision 2030. Neom is one element, and its finance minister said the project is a "very long-term program." ...

Source says NEOM 'scaled down and broken into chunks' Cost of NEOM mushroomed after an initial $500 bln estimate Low oil prices and production have hit Saudi state coffers Futuristic NEOM is ...

Saudi Arabia’s futuristic city project Neom has announced the departure of long-time CEO Nadhmi Al-Nasr in an abrupt leadership reshuffle. The $500B project, a pillar of Crown Prince Mohammed ...

A sign in a window of the NEOM pop-up store on the closing day of the World Economic Forum (WEF) in Davos, Switzerland, on Friday, Jan. 20, 2023. © Stefan Wermuth ...

THE LINE, Phase One Strategic Partners. Image Courtesy of NEOM This partnership is integral to NEOM's objective of establishing a successful design framework, supported by methodologies to realize ...

NEOM’s Board of Directors revealed Sindalah, the luxury island destination on the Red Sea coast, to the public this weekend First announced by Prince Mohammed bin Salman in December 2022, Sindalah’s ...

A series of day-in-the-life vlogs from mom influencers on TikTok tried to paint Saudi Arabia’s mega project as a desert paradise. The internet had other opinions. A group of influencers ...