The chief executive of Saudi Arabia’s futuristic planned city Neom abruptly left his role, a major shake-up at the world’s biggest construction project.



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Reuters

United Kingdom

Long-time CEO of NEOM goes as Saudi Arabia scales back mega-projects

Nadhmi al-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.

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Saudi Arabia announced Tuesday that it was replacing the chief executive of its futuristic mega-city NEOM as scepticism mounts over the Gulf kingdom's most ambitious development projects. "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", NEOM said in a statement. The company said that Mudaifer brought with him a "deep and strategic under…

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Gautam Adani

New Delhi

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Delhi

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Saudi Arabia Replaces CEO Of Futuristic Mega-City NEOM Amid Rising Scepticism

The boss of Saudi Arabia's flagship Neom city project has reportedly been sacked.

Daily Express

Reach plc

Saudi Arabia's new £390bn mega-city thrown into chaos as fresh scandal erupts

THE highly controversial boss of Saudi Arabia’s pricey NEOM project has been sacked after allegedly threatening to bury a worker in the desert. Nadhmi Al-Nasr, head of the infamous Saudi mega scheme, has been heavily criticised in the past after allegations of abuse and an aggressive management style have all been revealed.   GettyControversial NEOM boss Nadhmi Al-Nasr has been sacked after allegedly threatening to bury a worker in the desert[/c…

The Sun

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Saudi’s NEOM megaproject boss FIRED after ‘threatening to BURY worker in desert’

Neom is set to host hyper-futuristic cityscapes and structures — but financial pressures on the kingdom are changing.

CNBC

Roberts family

United States

Saudi Arabia's Neom replaces its CEO amid reports of delays and cutbacks

DUBAI/RIYADH - Nadhmi al-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. Read more at straitstimes.com.

The Straits Times

Singapore Press Holdings

Singapore

The longtime chief executive of the $500bn Saudi development project Neom Nadhmi al-Nasr, launched by Crown Prince Mohammed bin Salman, has departed, according to a Neom statement issued on November 12. There was no reason given for his departure, according to a detailed report by The Guardian.

Prince Mohammed has poured hundreds of billions

WION

Invesco

Noida

Uttar Pradesh

Neom CEO steps down as Saudi Arabia reduces scope of mega-projects

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, aims to transform the northwestern province of Tabuk into an audiovisual and […]

Deadline

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Los Angeles

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California

Neom CEO Nadhmi Al-Nasr Departs As Futuristic Megacity Project Resets

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.

Bloomberg

Michael Bloomberg

The Vanguard Group

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BlackRock

Saudi Arabia Replaces CEO Leading Development of Megacity Neom

The planned design for The Line in Neom.NeomThe CEO of Neom, Nadhmi al-Nasr, has stepped down from the role after six years.Saudi Arabia's ambitious megacity scaled back targets earlier this year.Neom said the move would "ensure operational continuity, agility and efficiency."The CEO of Saudi Arabia's ambitious Neom project has abruptly stepped down after six years in the role.Nadhmi al-Nasr had led Neom since 2018 but departed in recent days. T…

Business Insider

Saudi Arabia parts ways with the CEO of Neom, its new desert megacity

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CEO of Neom, Saudi Arabia's Futuristic City, Resigns Amid Worker Fatalities and Project Challenges

CEO of Neom, Saudi Arabia's Futuristic City, Resigns Amid Worker Fatalities and Project Challenges

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