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Non-Oil GDP Share: 55% 2025 real GDP |Saudi Unemployment: 7.2% Q4 2025 |PIF AUM: $925B 2025 approx. |FDI Share of GDP: 2.8% 2025 latest |Female Participation: 35.0% 2025 latest |Credit Rating: Aa3/A+/A+ Moody's/Fitch/S&P |GDP Growth: 4.5% 2025 actual |Umrah Pilgrims: 18M+ 2025 foreign |Non-Oil GDP Share: 55% 2025 real GDP |Saudi Unemployment: 7.2% Q4 2025 |PIF AUM: $925B 2025 approx. |FDI Share of GDP: 2.8% 2025 latest |Female Participation: 35.0% 2025 latest |Credit Rating: Aa3/A+/A+ Moody's/Fitch/S&P |GDP Growth: 4.5% 2025 actual |Umrah Pilgrims: 18M+ 2025 foreign |

Trojena

Trojena: Saudi ski resort, NEOM mountain tourism, timeline, and delivery risk

Trojena is NEOM's planned Saudi mountain ski resort. This brief separates official ambition from 2026 event and contract risk.

Updated May 26, 2026

NEOM Company: Inside the Corporate Vehicle Building Saudi Arabia's $500B Giga-Project

NEOM Company — PIF-owned JSC developing the NEOM giga-project. Leadership (Aiman Al-Mudaifer post-Nadhmi Al-Nasr), six business units, capex, scope cuts, 2030 outlook.

Updated May 6, 2026

NEOM: Saudi Arabia's $500 Billion Giga-Project, Scope Cuts, and What's Actually Being Built

NEOM — Saudi Arabia's $500B giga-project under MBS. The Line, Oxagon, Trojena, current scope cuts, costs, controversies, and 2030 delivery outlook.

Updated May 6, 2026

The Graveyard of Giga-Projects: A Forensic Audit of Every Vision 2030 Project That Failed, Flopped, or Quietly Died

The Line scaled to 1.4% of plan. Mukaab suspended. Trojena's dams cancelled. Jeddah Tower frozen since 2018. An $8 billion portfolio writedown. The complete forensic record of Vision 2030's cancelled, suspended, and quietly killed giga-projects.

Updated Apr 18, 2026

Trojena: $6.85 Billion Cancelled in a Single Month

Three contracts worth $6.85 billion terminated in March 2026. The Asian Winter Games surrendered. Artificial snow in a desert abandoned. The forensic record of Trojena's collapse, contract by contract.

Updated Apr 18, 2026

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

In March 2026, NEOM terminated three major contracts worth $6.85 billion. Trojena's dam cancelled at 30% completion. Hyundai's tunnel killed. The forensic audit of what $50 billion bought and what survives.

Updated Apr 18, 2026

NEOM Latest Developments

Up-to-date overview of NEOM's latest construction progress, project milestones, business announcements, investment opportunities, and strategic developments across The Line, Trojena, Oxagon, and Sindalah.

Updated Apr 18, 2026

NEOM Mega-City Project

In-depth analysis of NEOM, Saudi Arabia's $500 billion mega-city project in Tabuk Province featuring The Line, Oxagon, Trojena, and Sindalah as centrepieces of Vision 2030's economic diversification.

Updated Apr 18, 2026

Trojena

Trojena is NEOM's mountain destination hosting the 2029 Asian Winter Games. Outdoor ski slopes, luxury residences, and year-round adventure tourism.

Updated Apr 18, 2026