Saudi Arabia's NEOM Mega-Project Faces Scale-Back, Impacting Thousands of Nepali Workers

Saudi Arabia's NEOM mega-city project is facing contract cancellations and scale-backs, impacting thousands of Nepali workers. Major construction contracts have been terminated, leading to job cuts and uncertainty for an estimated 80,000 Nepali workers. The project slowdown is attributed to economic pressures, falling oil prices, and escalating costs, forcing Saudi Arabia to reprioritize projects like the 2030 World Expo and 2034 FIFA World Cup. This crisis could significantly affect Nepal's economy through reduced remittances.