Neom CEO Nadhmi Al-Nasr Departs As Futuristic Megacity Project Resets
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 bin Salman’s drive to diversify Saudi Arabia’s economy away from a reliance on oil,
CEO of Saudi Arabia’s Futuristic City Project Leaves Abruptly
Longtime CEO Nadhmi al-Nasr left Neom, Saudi Arabia’s marquee development, which has been plagued by delays, cost overruns and staff turnover.
Saudi Arabia's Neom replaces its CEO amid reports of delays and cutbacks
Neom is set to host hyper-futuristic cityscapes and structures — but financial pressures on the kingdom are changing.
Nadhmi Al-Nasr, the CEO of Saudi Arabia's futuristic city, departs: What it means for project
Nasr estimated the total cost of the line alone would be considerably over $2 trillion, which is far more than the country's ability to spend on development. He took the reins in 2018 and pushed staff hard.
Neom's CEO Is Out In Another Blow For Saudi Arabia's Ambitious Planned City
Saudi Arabia's ambitious futuristic city plans have been bogged down by delays and changes. The most recent is the departure of its CEO, Nadhmi al-Nasr.
NEOM CEO Nadhmi al-Nasr Replaced by Aiman al-Mudaifer
Nasr, was replaced after six years, amid pressure on the Public Investment Fund to deliver on major projects like The Line and Trojena.
Saudi Arabia's Neom project CEO, who earned chilling reputation, exits abruptly: 'Ran workers like slave'
Following the departure of Nadhmi al-Nasr who had served as the project’s chief executive since 2018, Aiman al-Mudaifer has been appointed as interim CEO, says NEOM in a statement.
Long-time CEO of NEOM goes as Saudi Arabia scales back mega-projects
Nasr, the long-time chief executive of the $500 billion NEOM mega-project at the heart of Saudi Arabia's drive to diversify away from oil, has departed, NEOM said on Tuesday without giving a reason.
Saudi NEOM's long-time CEO goes as kingdom scales back mega-projects
Nadhmi al-Nasr, the long-time chief executive of the $500 billion Saudi development project NEOM launched by Crown Prince Mohammed bin Salman, has departed, NEOM said on Tuesday without giving a reason.
Saudi Arabia Replaces CEO Developing Megacity of Neom
Saudi Arabia replaced the executive that was overseeing its plan to build the $1.5 trillion futuristic development known as Neom, in the latest sign that the project is struggling to deliver on its ambitions.
Saudi Arabia parts ways with the CEO of Neom, its new desert megacity
Neom, Saudi Arabia's ambitious megacity project, is a key part of the kingdom's Vision 2030 scheme. Its CEO stepped down after six years in the role.
Saudi Arabia’s NEOM megaproject boss sacked after ‘threatening to BURY worker in desert’ in latest blow to $1tn scheme
THE highly controversial boss of Saudi Arabia’s pricey NEOM project has been sacked after allegedly threatening to bury a ...
Saudi Arabia's new £390bn mega-city thrown into chaos as fresh scandal erupts
Saudi Arabia 's £390billion mega-city faces fresh chaos as the boss of the flagship Neom project has reportedly been sacked.
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NEOM announces major shake-up as Nadhmi Al Nasr leaves CEO role
NEOM has announced a major shake up of its management as long-time leader Nadhim Al Nasr has left his CEO role. The NEOM ...
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Aiman Al Mudaifer takes charge as NEOM’s Acting CEO
The leadership change comes as Neom moves closer to its Vision 2030 goals, prioritising sustainability, smart infrastructure ...