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Nadhmi Al-Nasr has left his role as Neom CEO and will be replaced by Aiman Al-Mudaifer as acting CEO of the company developing the $500bn project in northwestern Saudi Arabia, which includes The Line, Trojena and Oxagon.

In a statement published online, Neom said: “The Neom Board of Directors today announced the appointment of Eng. Aiman Al-Mudaifer as acting CEO of the company. Eng. Al-Mudaifer assumes leadership of Neom, following Nadhmi Al-Nasr’s departure.”

The statement added: “As Neom enters a new phase of delivery, this new leadership will ensure operational continuity, agility and efficiency to match the overall vision and objectives of the project.”

Al-Mudaifer has been head of the Public Investment Fund’s local real estate division since 2018, and the Neom statement says he has a deep and strategic understanding of Neom and its projects.

Neom has attracted significant criticism over the past year as it grapples with major programmes of construction work such as The Line. In a statement announcing the appointment of consultants for work on The Line on 11 November, Neom said it “is currently focused on the initial phases of infrastructure and enabling works for the new city”.