Saudi Arabia’s Neom has cancelled a roughly $1 billion tunnelling contract at the heart of its flagship “The Line” giga-project, according to public documents. South Korea-listed Hyundai Engineering & ...

Saudi Arabia is scaling back its ambitious NEOM mega-project following contract cancellations and rising geopolitical tensions with Iran. The move highlights growing financial pressures on Vision 2030 ...

Hyundai Engineering & Construction said a tunnel construction contract in NEOM awarded to a consortium led by the South ...

Saudi Arabia is scaling back Neom’s original mega-city vision and repositioning the project around industrial development and large data centers.

NEOM, the ambitious megacity rising from the Saudi Arabian desert and once heralded as a symbol of futuristic urban planning, seems to be stuck in a sandy storm. A combination of falling oil prices, ...

The future of The Line, the visionary urban project planned within the NEOM megacity, appears to have been scaled back to be ...

Saudi Arabia's ambitious NEOM 'The Line' megacity, a car-free, zero-carbon vision, faces revised timelines and budget recalibrations. While initial construction of a 2.4km segment is underway with ...

Companies involved in the construction of several Saudi Arabian megaprojects have been called on to examine their relationship with the nation amid significant human rights abuse allegations. Human ...

The world’s largest real estate development, a project in the desert envisioned by Saudi Crown Prince Mohammed bin Salman, has welcomed its first residents, but the project is already more than three ...

The construction work currently underway in Saudi Arabia for the Neom giga-project is unprecedented, with buildings like the Line transforming the desert landscape at a remarkable pace. Now an expert ...

Dublin, March 03, 2026 (GLOBE NEWSWIRE) -- The "Saudi Arabia Heavy Construction Equipment Market Size, Share, Trends & Forecast 2025-2030" report has been added to ResearchAndMarkets.com's offering.