{"id":113769,"date":"2026-03-30T00:00:00","date_gmt":"2026-03-30T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/menaplus\/2026\/03\/30\/more-trojena-contracts-scrapped-2\/"},"modified":"2026-03-30T00:00:00","modified_gmt":"2026-03-30T00:00:00","slug":"more-trojena-contracts-scrapped-2","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/menaplus\/2026\/03\/30\/more-trojena-contracts-scrapped-2\/","title":{"rendered":"More Trojena contracts scrapped"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Watch this space<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a>  <strong>#1- It\u2019s not looking good over in Trojena as Saudi Arabia has <\/strong><strong>canceled yet another<\/strong><strong> contract.<\/strong> Italian construction giant Webuild\u2019s USD 4.7 bn contract for two projects within Neom\u2019s Trojena mountain ski resort project has been scrapped, with the kingdom <a target=\"_blank\" href=\"https:\/\/www.webuildgroup.com\/en\/media\/press-releases\/update-trojena-contract-saudi-arabia-neom\/\" style=\"\">exercising<\/a> a \u201ctermination for convenience.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>With <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.cbnme.com\/news\/neom-pulls-trojena-steel-package-as-project-reset-deepens\/\" style=\"\">two major infrastructure contracts<\/a><\/strong> <strong> canceled so far, it appears the project has been <\/strong><strong>shelved (at least for now)<\/strong> as Saudi Arabia weighs its gigaprojects bill against reality. The USD 38 bn desert ski resort has been on the rocks since last year, when the kingdom postponed hosting the 2029 Asian Winter Games at Trojena, which was slated to launch this year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s at least the third gigaproject-related contract cancelled in the last month<\/strong> following news we picked up last week that Malaysian steel firm Eversendai had lost its contract for Trojena.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>#2- Morocco\u2019s Akdital Holding is pivoting its expansion strategy toward the GCC<\/strong>, <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/companies\/125702\/%D8%A3%D9%83%D8%AF%D9%8A%D8%B7%D8%A7%D9%84-%D8%AA%D8%B3%D8%AA%D9%87%D8%AF%D9%81-%D9%86%D8%B5%D9%81-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D8%A5%D9%8A%D8%B1%D8%A7%D8%AF%D8%A7%D8%AA-%D9%85%D9%86-%D8%AE%D8%A7%D8%B1%D8%AC-%D8%A7%D9%84%D9%85%D8%BA%D8%B1%D8%A8\/\" style=\"\">earmarking USD 350 mn<\/a> to develop 11 hospitals across Saudi Arabia, the UAE, and Tunisia by 2030. The Casablanca-listed healthcare group expects the international push to generate some MAD 5 bn in annual revenue. While the firm had previously eyed Sub-Saharan Africa, CEO Rochdi Talib noted those plans are now on ice due to a \u201cdifficult business climate\u201d and a shortage of medical staff \u2014 signaling a clear preference for the deeper pockets and more stable regulatory environments of the India-MENA corridor.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Syria is <\/strong><strong><a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/technology\/125872\/%D8%B3%D9%88%D8%B1%D9%8A%D8%A7-%D8%AA%D8%B7%D9%85%D8%AD-%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%84%D8%A5%D8%AD%D9%8A%D8%A7%D8%A1-%D8%A7%D9%84%D8%A8%D8%B1%D9%8A%D8%AF-%D9%88%D8%B4%D8%A8%D9%83%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D8%AD%D9%85%D9%88%D9%84\/\" style=\"\">looking to drum up<\/a><\/strong><strong> USD 1 bn in foreign investment to overhaul its telecom <\/strong><strong>and postal sectors<\/strong>, split evenly between the two. Officials in Damascus claim that French and Italian postal firms have expressed preliminary interest, though talks with regional players remain in the \u201cearly stages.\u201d The push is the latest attempt by the Sharaa administration to court international capital to revive an economy gutted by over a decade of conflict. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Happening this week<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>Purchasing manager indices for most of our region are due this week.<\/strong> The data will be expected to capture the start of the fallout in the private non-oil sector due to the war. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Data point<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/saudi-economy\/2026\/03\/28\/%D9%85%D8%B1%D8%A7%D8%B3%D9%84-%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D8%B9%D8%A8%D9%88%D8%B1-%D9%86%D8%AD%D9%88-100-%D8%A7%D9%84%D9%81-%D8%B4%D8%A7%D8%AD%D9%86%D8%A9-%D9%85%D9%86-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D8%A7%D9%84%D9%89-%D8%AF%D9%88%D9%84-%D8%A7%D9%84%D8%AE%D9%84%D9%8A%D8%AC-%D8%AE%D9%84%D8%A7%D9%84-20-%D9%8A%D9%88%D9%85%D8%A7-\" style=\"\">100k<\/a><\/strong><strong> \u2014 that\u2019s the number of trucks that have docked in Jeddah port since the war began<\/strong>, almost a fifth of the Saudi trucking fleet. This comes as Saudi Arabia takes on a critical role in helping its Gulf neighbors sustain access to the global markets primarily through a Jeddah-Dammam corridor.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/power\/125802\/%D8%B7%D8%A7%D9%82%D8%A9-%D8%AE%D8%B7-%D8%A3%D9%86%D8%A7%D8%A8%D9%8A%D8%A8-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A-%D8%B4%D8%B1%D9%82-%D8%BA%D8%B1%D8%A8-%D8%AA%D8%B5%D9%84-7-%D9%85%D9%84%D8%A7%D9%8A%D9%8A%D9%86-%D8%A8%D8%B1%D9%85%D9%8A%D9%84\/\" style=\"\">7 mn bbl\/d<\/a><\/strong> <strong> \u2014 the volume of crude flowing through Saudi Arabia\u2019s East-West<\/strong><strong> Pipeline.<\/strong> That means the Kingdom has hit maximum capacity of the pipeline \u2014 it\u2019s the first time ever, and a <a target=\"_blank\" href=\"https:\/\/x.com\/JavierBlas\/status\/2029487585060434095\" style=\"\">feat<\/a> some analysts said could be unattainable due to infrastructure and logistical hurdles. Saudi Arabia now exports 5 mn bb\/d through its Yanbu terminals. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>What we\u2019re tracking this morning regionally and around the world<\/p>\n","protected":false},"author":1,"featured_media":113770,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2638],"tags":[2538,2605,2636,2563,2637],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-113769","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking","tag-enterpriseam","tag-morocco","tag-neom","tag-saudi-arabia","tag-what-were-tracking","wpautop","entry"],"acf":{"mongo_id":"1b8bf87a-7e9f-4e8a-821a-96a1ad97510a","order":"10","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/3\/1297.jpg","photo_position":"above","homepage_title":"","full_issue_title":"More Trojena contracts scrapped","related_issue":[113754],"teaser":"What we\u2019re tracking this morning regionally and around the world"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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