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Tag: NEOM

Global news

Is Saudi Arabia’s NEOM Mega-Project Facing a Crisis?

March 20, 2025March 20, 2025 - by Marcus Chen - Leave a Comment

The NEOM mega-project in Saudi Arabia faces significant controversies as of 2025, with escalating costs, leadership shifts, and allegations of financial mismanagement. Initial optimism is giving way to skepticism among …

Is Saudi Arabia’s NEOM Mega-Project Facing a Crisis? Read More
Business / economics / Technology

Financial Challenges Hinder Saudi Arabia’s Mirror Line Skyscraper Project

March 14, 2025March 14, 2025 - by Carmen Mendez - Leave a Comment

Saudi Arabia’s Mirror Line skyscraper project is experiencing severe financial issues, with costs rising to $8.8 trillion, far surpassing the annual budget. An auditor’s report indicated attempts to falsify cost …

Financial Challenges Hinder Saudi Arabia’s Mirror Line Skyscraper Project Read More
Technology

Aramco Reports $106 Billion Profit for 2024 Amid Falling Energy Prices

March 4, 2025March 4, 2025 - by Liam Nguyen - Leave a Comment

Saudi Arabia’s Aramco reported a $106 billion profit in 2024, down 12% from 2023 due to falling energy prices. The decline impacts the kingdom’s extensive development plans, including the $500 …

Aramco Reports $106 Billion Profit for 2024 Amid Falling Energy Prices Read More
Business

Satellite Images Reveal Lavish Palace as Part of Saudi Arabia’s Neom Project

March 1, 2025March 1, 2025 - by Allegra Nguyen - Leave a Comment

Satellite images reveal a grand palace for Saudi Crown Prince Mohammed bin Salman within the Neom megacity project, featuring private beaches and extensive amenities. Neom aims to transition Saudi Arabia …

Satellite Images Reveal Lavish Palace as Part of Saudi Arabia’s Neom Project Read More
Technology

Saudi Arabia’s AI Market Set for Exponential Growth by 2033

December 10, 2024December 10, 2024 - by Liam Nguyen - Leave a Comment

The AI market in Saudi Arabia is forecasted to grow from USD 1,973.8 million in 2024 to USD 61,854.4 million by 2033, at a CAGR of 46.6%. This growth is …

Saudi Arabia’s AI Market Set for Exponential Growth by 2033 Read More
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