Saudi Arabia Replaces CEO Developing Megacity of Neom

Saudi Arabia Replaces CEO Developing Megacity of Neom

Via Matthew Martin and Christine Burke in yahoo.com: Nadhmi Al-Nasr, who had been chief executive officer of Neom since 2018, will be replaced by Aiman Al-Mudaifer for now, according to a statement on X. Al-Mudaifer has been head of local real estate at Saudi Arabia’s Public Investment Fund, which is the owner of Neom, for the past six years. In 2025, teams will start laying the underlying concrete slab for The Line and then begin building upward. It’s expected to eventually contain hospitals, parks and schools and ultimately house nine million residents — all without cars. Designers came up with the foundation for the project by replicating the grid system in Manhattan, widening it and folding it in half to tower into the air, executives from The Line said at a conference on Tuesday in Riyadh.





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