Neom CEO Nadhmi Al-Nasr has exited the company amid allegations that workers have died and gone missing while working on the Saudi Vision 2030 project.

The longtime chief executive of Saudi Arabia's futuristic Neom megacity project has departed from his role, the company announced Tuesday without providing a reason.  Long hailed as a city of the future,

RIYADH: Saudi Arabia announced Tuesday that it was replacing the chief executive of its futuristic mega-city NEOM

Nasr, the long-time chief executive of the $500 billion NEOM mega-project at the heart of Saudi Arabia's drive to diversify away from oil, has departed, NEOM said on Tuesday without giving a reason. Crown Prince Mohammed bin Salman,

Saudi Arabia replaced the executive that was overseeing its plan to build the $1.5 trillion futuristic development known as Neom, in the latest sign that the project is struggling to deliver on its ambitions.

Neom is set to host hyper-futuristic cityscapes and structures — but financial pressures on the kingdom are changing.

The departure of the longtime CEO marks a major shakeup at Neom, which is a showpiece of Riyadh’s economic ambitions.