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Sarat rolls out USD 100 mn fund
Plus: Ades Holding completes acquisition of Saipem’s shallow-water drilling business
Neom quietly moves on from The Line’s original vision
References to housing 9 mn people and operating without roads or cars no longer appear in the description
Neom will spend SAR 60 bn on contract termination
Good morning, friends, and happy Tuesday. Saudi capital is fanning out across the region and at home this morning, even…
Saudi Red Sea push gives Neom port a practical trade function
Despite a scaled-back gigaproject, Neom’s port infrastructure is being integrated into national trade flows
Red Sea ports, land railways shine as Hormuz closure becomes the new reality
Shippers are testing alternatives that prioritize reliability as Hormuz becomes a high-risk passage. Port of Neom is emerging as one…
Neom terminates multi-bn USD Trojena lake contracts
Construction at the USD 19 bn resort stalls at 30% completion following the loss of the 2029 Asian Winter Games…
Rethinking Neom
PLUS: Saudi is pitching a “cheap token” future from Davos
Acwa closes USD 693 mn purchase of Az-Zour North IWPP stakes + Neom backs five startup studios
PLUS: Four Seasons joins Diriyah’s growing roster of luxury hotels
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