Trojena: $6.85 Billion Cancelled in a Single Month

Sun, 05 Apr 2026 00:00:00 +0000

In the first week of March 2026, three contractor disclosures landed in sequence. Each used the careful, liability-conscious language of publicly listed companies describing events that, in plainer English, meant they had been fired. Webuild, Italy’s largest engineering group, announced that NEOM had terminated its $4.7 billion contract for three dams and a 2.8-kilometre freshwater lake at Trojena. The project had reached 30 per cent completion. Hyundai Engineering and Construction confirmed that NEOM had terminated its tunnel construction package, originally awarded in June 2022 for a $1 billion, 12.5-kilometre section. Eversendai Corporation of Malaysia reported the cancellation of its structural steel and fireproofing works for Trojena’s Ski Village resort.

NEOM Dismembered: $6.85 Billion in Contracts Terminated in a Single Month

Sat, 04 Apr 2026 00:00:00 +0000

NEOM contract cancellations in March 2026 terminated three major packages with a combined value of approximately $6.85 billion. Webuild, Italy’s largest engineering group, announced that NEOM had terminated its $4.7 billion contract for three dams and a 2.8-kilometre freshwater lake at Trojena. The project had reached 30 per cent completion. Hyundai Engineering and Construction of South Korea confirmed that NEOM had terminated its tunnel construction package, awarded in June 2022 for a 12.5-kilometre section. Malaysia’s Eversendai Corporation reported the cancellation of its structural steel and fireproofing works for Trojena’s Ski Village resort.

Contract-Termination on SAUDI VISION 2030 Intelligence Platform

Trojena: $6.85 Billion Cancelled in a Single Month

NEOM Dismembered: $6.85 Billion in Contracts Terminated in a Single Month