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Top related persons:
Nadhmi - 2 Nasr - 2 Aiman - 2 NEOM - 1 Prince Mohammed bin Salman - 1 Mudaifer - 1 Nadhmi al - 1 Neom - 1
Top related locs:
Saudi Saudi Arabia Belgium NEOM PIF Al
Top related orgs:
Al - 1 Real - 1 Division - 1 Service - 1 Saudi - 1 Street Journal - 1 Public Investment Fund - 1 Journal - 1

Search resuls for: "Mudaifer"


2 mentions found


☆ Long-time CEO of NEOM goes as Saudi Arabia scales back mega-projects
  + stars: | 2024-11-13 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com   time to read: +2 min
Nadhmi al-Nasr, the long-time chief executive of the $500 billion NEOM mega-project at the heart of Saudi Arabia’s drive to diversify away from oil, has departed, NEOM said on Tuesday without giving a reason. Crown Prince Mohammed bin Salman has poured hundreds of billions of dollars into development projects through the kingdom’s PIF sovereign wealth fund. Saudi Arabia, the world’s top oil exporter, is still heavily reliant on hydrocarbon revenues, and low oil prices and production have hit state coffers. He has been the head of the PIF’s Local Real Estate Division since 2018 and has a deep understanding of NEOM and its projects, NEOM said. In his role at PIF, Al-Mudaifer oversees all local real estate investments and infrastructure projects, and he is a board member of several prominent companies in the kingdom.
Persons: Nadhmi, Nasr, NEOM, Prince Mohammed bin Salman, Aiman, Mudaifer Organizations: Reuters, Al, Real, Division Locations: Saudi, Belgium, NEOM, Saudi Arabia, PIF, Al
☆ Saudi Arabia parts ways with the CEO of Neom, its new desert megacity
  + stars: | 2024-11-12 | by ( Pete Syme | ) www.businessinsider.com   time to read: +3 min
The CEO of Neom, Nadhmi al-Nasr, has stepped down from the role after six years. Saudi Arabia's ambitious megacity scaled back targets earlier this year. AdvertisementThe CEO of Saudi Arabia's ambitious Neom project has abruptly stepped down after six years in the role. It's a key part of Saudi Arabia's Vision 2030 project that aims to diversify the kingdom's economy away from oil by launching new industries and attracting more tourists. Neom has also faced staffing challenges, with reports earlier this year that two executives were involved in a physical confrontation.
Persons: Nadhmi al, Nasr, Neom, —, Nadhmi, Aiman, Malcolm Aw, Abdul Rahim al, Antoni Vives Organizations: Service, Saudi, Street Journal, Public Investment Fund, Journal, Neom Locations: Saudi, Saudi Arabia
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