"WeBuild confirmed that the Saudi government has terminated the construction of three dams, which were essential for creating a large artificial lake at the Trojena ski resort. The project was approximately 30% complete, with €2.8 billion worth of work still unfinished, impacting over 5,000 employees who were working on the dams."
"Eversendai Corporation stated that it received notice of contract termination for structural steel works at the Trojena Ski Village. The company had fulfilled its obligations and suggested that the decision may be influenced by broader geopolitical factors in the Middle East, while also expecting compensation for completed work."
"Trojena was envisioned as Saudi Arabia's first ski destination and a flagship development within the NEOM initiative, with initial plans for completion in 2026. The resort was expected to host the 2029 Asian Winter Games, but these plans are now uncertain due to the recent contract terminations."
The Trojena ski resort project in Saudi Arabia is facing major challenges as two key construction contracts have been terminated. Italian firm WeBuild announced the cancellation of its contract for three dams, which were 30% complete, with €2.8 billion worth of work unfinished. Malaysian firm Eversendai Corporation also reported the termination of its contract for structural steel works. The project, part of the NEOM initiative, was intended to be completed by 2026 and host the 2029 Asian Winter Games, but these timelines are now in jeopardy.
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