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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

June 29, 2026

NEOM faces reported big $16bn bill to cancel contracts

in NEOM News

by Farah - News Editor

NEOM could spend around SAR60bn, or $16bn, on payments to contractors for terminating long-term agreements between 2026 and 2030, according to the report by Arabian Business.  The anticipated payments are linked to contractual penalty clauses and represent the latest indication of a significant reset at one of Saudi Arabia’s largest development programmes.
June 29, 2026

NEOM set to draw global investments in Saudi Arabia

in NEOM News

by Farah - News Editor

NEOM has said that it is set set to draw global investments in Saudi Arabia as it continues to drive the diversification of the Kingdom’s economy and build a knowledge-based economy.
June 22, 2026

UK firm Heatherwick Studio unveils "space observatory" in AlUla

in NEOM News

by Farah - News Editor

UK practice Heatherwick Studio has unveiled designs for AlUla Manara, a textured-stone, stargazing visitor and research centre in Saudi Arabia. Set to be built in the Saudi Arabian desert near the AlUla UNESCO World Heritage Site, the building will be built to take advantage of the visibility of stars in the region.
June 22, 2026

Red Sea Global aims to bring troubled Sindalah island 'back to life'

in NEOM News

by Farah - News Editor

State-backed Saudi developer Red Sea Global is taking over the troubled Sindalah island resort, its CEO confirmed for the first time, as the kingdom moves to salvage one of the most visible stumbles in its Vision 2030 plan.  "It hasn't officially been handed over but it will, and when it does we will then assume responsibility for it, we'll assess how to complete it and bring it back to life," John Pagano told Reuters on the sidelines of a Saudi business conference in Rome.
June 15, 2026

Saudi Arabia and Turkey Sign Railway Deal to Link Europe with Makkah and Madinah

in NEOM News

by Farah - News Editor

Saudi Arabia and Turkey have signed two memorandums of understanding (MoUs) that could eventually connect the Gulf region to Europe by rail, passing through Islam’s two holiest cities.  The agreements were signed in Riyadh on 9 June 2026 by Saudi Minister of Transport and Logistic Services Saleh Al-Jasser and Turkish Minister of Transport and Infrastructure Abdulkadir Uraloglu.
June 08, 2026

NEOM offers niche route for Gulf importers

in NEOM News

by Farah - News Editor

Only a month into the Iran war, Qatar-based distributor Salam Studio & Stores had already gone weeks without its regular Red Bull shipments, prompting it to test a little-used route.  The conflict and effective closure of the Strait of Hormuz, now in their fourth month, had scattered its products across ports in India and Sri Lanka, while Gulf hubs it typically relies on faced Iranian fire and capacity constraints.
June 08, 2026

NEOM wraps up hybrid dive boat acquisition with fourth and final aluminium vessel delivery

in NEOM News

by Farah - News Editor

The final boat in a four-vessel order for Saudi Arabian urban developer NEOM has now been delivered by Spanish shipbuilder Moggaro Aluminium Yachts, bringing the project to completion. According to Moggaro, the latest handover took place after a period of uncertainty caused by ongoing geopolitical tensions in the region. In a social media update, the company said the vessel had safely reached its destination and was prepared to enter service.

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