NEOM, Saudi Arabia’s flagship futuristic mega-city, has achieved a significant milestone by closing a landmark $3 billion export credit agency (ECA) financing agreement with Italy’s SACE. This ...

Neom representative Denis Hickey (the former cricketer) explained that the first phase of the Line is now well underway and that once it's complete – which should be by 2030 along with the ...

Notably, NEOM, Saudi Arabia's $1.5 trillion megacity project, invested $175 million in Volocopter in 2022. NEOM planned to integrate Volocopter's air taxis into its futuristic city design ...

NEOM secured on Monday a landmark financing agreement with Italy’s SACE, securing approximately $3 billion under a long-term multicurrency untied facility. With this move, NEOM aims to support the ...

This vision captured the attention of global investors. Notably, NEOM, Saudi Arabia's $1.5 trillion megacity project, invested $175 million in Volocopter in 2022. NEOM planned to integrate ...

Significant construction work is underway across multiple key regions of NEOM, according to Dennis Hickey, Chief Development Officer of NEOM. Speaking at NEOM House during the ongoing World Economic ...

Saudi Arabia - Significant construction activities are already underway across several of NEOM's key regions, said Dennis Hickey, Chief Development Officer of NEOM, at a presentation at NEOM House ...

Lilium went bankrupt in the latter half of 2024 but is now to be rescued by investors with a financial injection of 200 million euros. Volocopter, on the other hand, went bankrupt at the end of 2024 ...

Escalating research-and-development expenses, drawn-out regulatory processes, and repeated setbacks in commercialization ultimately rendered the business unsustainable. The challenges facing ...

Volocopter announced in a short press release that it had filed an application for the opening of insolvency proceedings with the Karlsruhe Local Court on 26 December 2024. It was approved the ...