Movim • Neom CEO departs as Saudi Arabia scales back mega-projects

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Neom CEO departs as Saudi Arabia scales back mega-projects

news.movim.eu / TheGuardian • 12 November 2024

No reason given for departure of Nadhmi al-Nasr, longtime CEO of $500bn project launched by Mohammed bin Salman

Nadhmi al-Nasr, the longtime chief executive of the $500bn Saudi development project Neom launched by Crown Prince Mohammed bin Salman, has departed, according to a Neom statement issued on Tuesday that did not give a reason for the departure.

Prince Mohammed has poured hundreds of billions of dollars into development projects through the kingdom’s PIF sovereign wealth fund.