The $4.7bn (£3.7bn [Jan 2024]) contract awarded to WeBuild for the construction of an artificial lake at Trojena, in Saudi Arabia, has been cancelled, after 30% of the work has been completed.
The Italian construction company posted a statement on 25 March 2026 confirming that developer Neom had terminated the contract.
“It is hereby announced that the client Neom has exercised the termination for convenience regarding the construction in Trojena…
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