?Saudi Arabia prioritises sports for Neom project as costs soar

Saudi Arabia has scaled back ambitions for its Neom gigaproject, amid rising costs, in order to prioritise completing elements that are essential to hosting global sporting events, sources have told Reuters following the sudden departure of the project’s long-time CEO. Crown Prince Mohammed bin Salman, known as MbS, has poured hundreds of billions of dollars into development projects through the kingdom’s PIF sovereign wealth fund..