Neom, Saudi Arabia's $1.5 trillion futuristic city project, sees a leadership change with a new acting CEO.

Saudi Arabia's futuristic megacity project, Neom, has seen a leadership change with the departure of CEO Nadhmi Al Nasr after six years. Aiman Al Mudaifer, head of local real estate at the Public Investment Fund, will serve as the acting CEO. Neom, aiming to transform Saudi Arabia's economy, has a budget estimated at $1.5 trillion and includes the ambitious development of The Line, a futuristic city.

November 12, 2024
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