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• Saudi Arabia Abandons £3.7 Billion Trojena Artificial Lake Project Amid Massive Neom Contract Terminations

  Published: Apr 12, 2026

  Section: Real Estate

  Saudi Arabian developer Neom has cancelled a $4.7 billion contract with Italian construction giant Webuild for the development of a massive artificial lake and resort in the Trojen...

• NEOM Rescales Ambitions as Strategic Pivot Triggers Major Construction Contract Cancellations

  Published: Apr 11, 2026

  Section: Middle East

  Saudi Arabia’s flagship gigaproject, NEOM, has initiated a sweeping recalibration of its construction pipeline, resulting in the termination of several multi-billion dollar contrac...