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

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

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 ...

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 times the annual Saudi budget. The first phase is reportedly projected to ...

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 ...

Neom executives shielded Crown Prince Mohammed bin Salman from the challenges of his fantastical plans, including by engaging ...

Neom is the flagship project of Saudi Arabia’s Vision 2030, an initiative aimed at transforming the country’s economy. It comprises several zones: Magna, Oxagon, Sindalah, Trojena, and The ...

The marina, set to cost $140 billion, is part of the Line, a 110-mile-long "vertical city" being built in the Saudi desert.

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