Multiple Neom construction contracts cancelled
Dezeen • • general
Key Points:
- Three companies—Eversendai, Webuild, and Hyundai Engineering and Construction—have had their contracts canceled for work on Saudi Arabia's Neom project, including the Trojena ski resort and The Line city.
- Eversendai's structural steel contract for the Trojena ski village and Webuild's contract to build dams for a lake at the resort were terminated amid construction delays and the resort losing the 2029 Asian Winter Games hosting rights.
- Hyundai Engineering and Construction's contract to build a 12.5-kilometre tunnel for The Line megacity was also canceled; The Line project has been significantly scaled back, with population targets reduced from 1.5 million to 300,000 by 2030.
- Eversendai suggested that regional geopolitical tensions involving Iran, the US, and Israel may have influenced the contract cancellations, though it remains optimistic about future projects in the Middle East.
- The Neom project, initially ambitious with high-profile architectural firms involved, appears to be stalling with ongoing feasibility reviews and scaled-back plans.
