NEOM reportedly planning widespread staff redundancies and relocations as part of strategic review

We normally don't report on negative developments at NEOM but the slimming down of THE LINE could have positive benefits on other, less ambitious but potentially more useful, projects such as OXAGON.

The developers of Saudi mega project NEOM are reportedly planning over 1,000 staff redundancies and the relocation of over 1,000 staff as part of a wide-ranging strategic review. Following the departure of CEO Nadhmi al-Nasr at the end of last year, NEOM is "considering significantly cutting its workforce", according to a report in news website Semafor.

Along with more than 1,000 redundancies, the mega development is reportedly planning to relocate over 1,000 staff from the NEOM site in northwest Saudi Arabia to Riyadh. Semafor reported that this would be a reversal of a "key policy" introduced by Al-Nasr, who wanted all key staff to work from the site of the development.  According to the report, no final decision has been made on the redundancies and relocations.

The restructuring would form part of a wider review, reported earlier this month, being undertaken by external consultants instructed by Saudi Arabia's Public Investment Fund (PIF), which is funding the project.

Read the full story at MSN

Farah - News Editor