Webuild confirms progress on NEOM projects amid leadership change<\/p>\n
By Rehan Khan<\/p>\n
ISLAMABAD: Italy’s leading construction firm, Webuild, has confirmed that its activities related to Saudi Arabia’s ambitious NEOM project are progressing according to plan, despite the recent resignation of the mega project’s long-time chief executive.<\/p>\n
According to a report, Webuild reassured stakeholders, stating, “Webuild has no evidence of changes in the activity plan initially set for the projects it is implementing, nor has it recorded any delay in payments.”<\/p>\n
NEOM, a ground-breaking urban and industrial development along the Red Sea, spans an area nearly the size of Belgium. Envisioned as a smart city housing nine million residents, it forms a critical pillar of Saudi Arabia’s Vision 2030 initiative, which intends to diversify the Kingdom\u2019s economy beyond oil dependency.<\/p>\n
The unexpected departure of NEOM\u2019s CEO last week, without an official explanation, has stirred speculation about potential adjustments to the project’s scale and ambitions.<\/p>\n
Webuild, a company with a six-decade presence in Saudi Arabia, is currently working on a system of three dams designed to supply water to an artificial lake in NEOM’s Trojena area. Additionally, the firm is constructing a high-speed railway, known as the Connector, which will integrate the futuristic city’s\u00a0infrastructure.<\/p>\n","protected":false},"excerpt":{"rendered":"
Webuild confirms progress on NEOM projects amid leadership change By Rehan Khan ISLAMABAD: Italy’s leading construction firm, Webuild, has confirmed that its activities related to Saudi Arabia’s ambitious NEOM project are progressing according to plan, despite the recent resignation of the mega project’s long-time chief executive. According to a report, Webuild reassured stakeholders, stating, “Webuild […]<\/p>\n","protected":false},"author":1,"featured_media":119835,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-119834","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts\/119834","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=119834"}],"version-history":[{"count":1,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts\/119834\/revisions"}],"predecessor-version":[{"id":119836,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts\/119834\/revisions\/119836"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/media\/119835"}],"wp:attachment":[{"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=119834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=119834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=119834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}