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Neom CEO Nadhmi Al-Nasr Departs As Futuristic Megacity Project Resets
Saudi Arabia’s futuristic city project Neom has announced the departure of long-time CEO Nadhmi Al-Nasr in an abrupt leadership reshuffle.
The $500B project, a pillar of Crown Prince Mohammed bin Salman’s drive to diversify Saudi Arabia’s economy away from a reliance on oil, aims to transform the northwestern province of Tabuk into an audiovisual and tourism hub and state-of-the-art urban home for more than nine million people. His departure follows news in recent months that some of the ambitious plans for the site had been scaled back, with Bloomberg reporting over the summer that the length of the The Line had been reduced to 1.9 miles (2.5km), against the previously announced 105-mile (170km) stretch it was supposed to run into the desert. Neom has also been hit by accusations of abuse of construction workers, while the head of its Media Industries pole, Wayne Borg, left abruptly in September following a Wall Street Journey repor t saying it had heard recordings in which he made making discriminatory and racist comments.
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