Nadhmi al-Nasr, the long-time chief executive of the $500 billion NEOM mega-project at the heart of Saudi Arabia’s drive to diversify away from oil, has departed, NEOM said on Tuesday without giving a ...

Saudi Arabia is trying to diversify its economy away from oil under a plan called Vision 2030. Neom is one element, and its finance minister said the project is a "very long-term program." The kingdom ...

Neom's initial $500 billion price tag has ballooned to trillions, leading to project scaling back and a focus on smaller, more achievable goals. Saudi Arabia's reliance on oil revenue and volatile oil ...