Dossier
Yasir Al Rumayyan
Coverage of Yasir Al Rumayyan in the Nexus archive.
- Saudi's NEOM faces $16 billion bill to cancel NEOM contracts
Saudi authorities face a $16 billion cost to cancel NEOM contracts over five years, exceeding initial construction expenses for the $1 trillion futuristic city project. The financial burden reflects broader budget deficits and strategic retrenchment amid economic reevaluation and shifting priorities.
- Inevitable outcome arrives for LIV Golf as Saudis officially pull plug on funding
The Saudi Public Investment Fund (PIF) has officially ended its funding for LIV Golf, citing strategic reprioritization and macroeconomic factors. The decision, effective after the 2026 season, follows years of substantial investment totaling nearly $6 billion by the PIF, with monthly expenditures averaging $100 million in recent years. LIV Golf is now seeking alternative investment strategies.