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Saudi Arabia to shift management of luxury island after delayed opening

Financial Times•Friday, September 19, 2025 at 11:58:46 AM
NeutralFinancial Markets
Saudi Arabia to shift management of luxury island after delayed opening
Saudi Arabia is making a strategic shift in the management of the Sindalah resort, moving control away from the Neom project due to delays in its opening. This decision reflects the country's ongoing efforts to enhance its tourism sector and ensure that luxury developments meet their timelines. The change in management could lead to a more focused approach in bringing the resort to fruition, which is significant for attracting international visitors and boosting the local economy.
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