Saudi Arabia abruptly replaced Nadhmi al-Nasr, the longtime CEO of its ambitious and controversial “megacity” Neom project, on Tuesday, several outlets reported.
“Neom” is the name of a $500 billion future “zero-carbon” city being built under the orders of Saudi Crown Prince Mohammed bin Salman (MBS) on the northern banks of the Red Sea. The Project is part of “Vision 2030,” a Saudi initiative that aims to diversify its economy and reduce its heavy reliance on oil revenue.
The prospective “megacity,” the crown prince has said, will compete with Miami as an international tourism venue and premier host destination for sporting and other entertainment. The project calls for the construction of several different neighborhoods, including a luxury island, a ski resort, a Silicon Valley-esque tech hub, and “The Line,” is a 106-mile-long skyscraper that will allegedly house several million people.
At press time, the “Neom” project is far from completion and the Saudi government has reportedly and significantly scaled back its 2030 goals for “The Line” down to “just a mile and a half” by 2030.
The company in charge of the project announced on its website on Tuesday that Nadhmi Al Nasr, who served as the project’s CEO since 2018, was replaced by Aiman Al Mudaifer. The company did not give any reason for the abrupt change. […]
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