Neom CEO Change Amidst Project Delays and Strategic Shifts

1 min read
Source: Semafor
Neom CEO Change Amidst Project Delays and Strategic Shifts
Photo: Semafor
TL;DR Summary

Nadhmi al-Nasr, the CEO of Saudi Arabia's ambitious Neom megacity project, has unexpectedly left his position, marking a significant disruption for the world's largest construction endeavor. Neom, a key part of Saudi Arabia's strategy to diversify its economy and boost tourism, has faced numerous challenges, including budget issues, delays, and worker safety concerns. The announcement of al-Nasr's departure coincided with Neom's selection of architects for its prominent feature, a pair of 105-mile-wide parallel skyscrapers.

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