New boss called for the world’s largest construction project star-news.press/wp

The Neo Saudi Arabia, the world’s largest construction project, appointed Aiman ​​Al-Mudaifer as his new executive for the rapid trail for leading movement, including the line, the cornerstone of the plan for more than 100 miles.

Newsweek He contacted Neom and Saudi Ministry of Comment Media.

Why is it important

The project is part of the PrestoLed Prince Mohammed Bin Salman from the transfer of Saudi Arabia from oil to new growth in other Gulf and Arab governments show top technologies for global investors and the Polish international images.

Saudi Arabia, Qatar and the United Arab Emirates promised more billion investments during the visit of President Donald Trump last week.

What to know

Neom announced the Mudaifer as his director of the Director General, in the provisional leader who served as an acting director from 2024. years of real estate in public investment (PIF) for the leading Giga-Project after departure of many years of directors Nadhmi al-Nasr.

Neom faced repeated budget and delay overdraft, with Mudaifer recently launched a complete overview of the project objectives and priorities, according to Financial Times.

The PIF, the main carrier Neom, signed a billion dollar jobs with American assets managers after Trump visits, according to media reports.

The International Monetary Fund estimated that the oil must be in almost $ 100 barrels for the kingdom to balance its funding for the economic transformation of the Vision 2030.

Saudi Arabia, one main supplier of crude oil in the United States, saw the decline in its exports, with a barel price from a small more than $ 62 for the reference American barracks of the broution, according to Reuters.

What do people say

Neom in statement: “Over the past months, Al-Mudaifer has remained focused on maintaining operational continuity, improving the efficiency and acceleration of progress through the Neo-Strategic Projects and Regions.”

The Gulf Economist and Advisor Justin Alexander said Newsweek: “AIMAN AL-MUDAIFER certificate as an executive directors is a positive development is the NeoM. It is understood that the Practical and Implementation Engineer is required after the period that was too focused on large concepts, with weak cost management.”

Robert Mogielnicki, senior resident scientist at the Institute for Arab Gulf in Washington wrote in March: “Smart, sustainable consumption on high priority projects and initiatives will be crucial for regional governments, especially the periods of muffled oils. Social and economic Arabia is especially ambitious and expensive. Saudi officials have begun to adapt to expectations.”

What happens next

Observers will watch see if Neom’s new leader can be submitted to almost thermal milestones because the project faces logistic obstacles and allegations of human rights violations.