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The latest news and information about NEOM, THE LINE, OXAGON, ENOWA, TONOMUS, TROJENA, Shusha IslandSindalah IslandAquellum, Elanan, Epicon, Gidori, Leyja, Norlana, Siranna, Treyam, Utamo, Xaynor, Zardun and VISION 2030 as well as New Murabba and hundreds of potential suppliers and partners for your next project.  We have a monthly readership of over 20,000 unique visitors and 3.2 million page views from people who are looking for news and information about NEOM and for partners to trade with.

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The Latest News About NEOM

February 04, 2025

Air Taxi Firm Volocopter, Backed By Saudi Crown Prince MBS And Mercedes, Crashes Down To…

in NEOM News

by Farah - News Editor

So no flying taxis then. Let's hope the robot dinosaurs make it though. The dream of flying taxis just hit a big roadblock. Volocopter, a German company making electric air taxis, has gone bankrupt. Over 10 years, the company raised $544 million from investors like Saudi Crown Prince Mohammed bin Salman, Mercedes-Benz and Intel. However, the company struggled to secure the additional funding needed to stay operational and filed for bankruptcy.
February 03, 2025

THE LINE to launch vertical construction phase in 2025

in NEOM News

by Farah - News Editor

THE LINE is set to begin vertical construction by the end of 2025, marking a crucial phase in the development of the NEOM mega-project, news outlet NEMNNA reported on January 29.
February 03, 2025

NEOM announces 100-year timeframe for the Line

in NEOM News

by Farah - News Editor

Updates have been provided on the four main projects that make up the Saudi Arabian gigaproject NEOM with executives revealing they are all underway, but that flagship linear city the Line will take around 100 years to complete and populate.
January 29, 2025

NEOM secures USD 3 billion guaranteed financing from 9 international banks

in NEOM News

by Farah - News Editor

NEOM has announced the successful closing of a landmark export credit agency (ECA) financing transaction, with Italy’s SACE, securing approximately USD 3 billion under a long-term multicurrency untied facility.  The deal, which marks NEOM's first corporate ECA financing and the largest untied financing ever guaranteed by SACE, will support various projects across NEOM and is backed by a syndicate of nine prominent international banks – HSBC, Banco Bilbao Vizcaya Argentaria, Bank of China, Crédit Agricole CIB, Agricultural Bank of China, Citi, China Construction Bank, J.P. Morgan and Bank of America.
January 28, 2025

21 Saudi Arabian megaprojects transforming the Kingdom

in NEOM News

by Farah - News Editor

Thanks to His Royal Highness Crown Prince Mohammed bin Salman’s Saudi Vision 2030, which aims to put the country on the tourism map, the kingdom is home to some of the region’s most impressive developments and Saudi Arabian megaprojects are creating blockbuster headlines.
January 27, 2025

Construction Progress Updates on Three NEOM Projects - THE LINE, OXAGON and TROJENA

in NEOM News

by Farah - News Editor

Dennis Hickey, Chief Development Officer of NEOM, provided a detailed update on the progress of the Saudi mega-project during a presentation at NEOM House in Davos, Switzerland. Particular attention was given to THE LINE, a 170-km-long, 500-m-high linear city designed to redefine urban living.
January 22, 2025

NEOM and NTDP Launch Business Accelerators to Advance the Web3 Ecosystem in Saudi Arabia

in NEOM News

by Farah - News Editor

NEOM and the National Information Technology Development Program (NTDP) have announced a strategic partnership to foster the growth of the Web3 ecosystem in Saudi Arabia.  The collaboration includes launching comprehensive accelerator programs to support qualified startups, leveraging the expertise and resources of both organizations.

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