Neom CEO departs as Saudi Arabia scales back mega-projects

November 12, 2024 Leave a Comment

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.

No reason given for departure of Nadhmi al-Nasr, longtime CEO of $500bn project launched by Mohammed bin SalmanNadhmi 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. Continue reading…

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