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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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Other NEOM News

The Latest News About NEOM

April 30, 2024

All NEOM projects will go ahead as planned with the first opening in late 2024

in NEOM News

by Farah - News Editor

Saudi Arabia’s economy minister rejected recent reports that the kingdom’s $1.5 trillion NEOM megaproject, a futuristic desert development on the Red Sea coast, is scaling back some of its plans.  “All projects are moving full steam ahead,” Faisal Al Ibrahim told CNBC’s Dan Murphy on Monday at the World Economic Forum’s special meeting in Riyadh.  
April 30, 2024

52 Global Banking Leaders Witness Ongoing Progress at NEOM Firsthand

in NEOM News

by Farah - News Editor

In a further show of progress and stability, NEOM has hosted representatives from 52 global, regional and local financial institutions in the developing region. While in NEOM, guests witnessed ongoing progress across key projects such as THE LINE, OXAGON, TROJENA, and Sindalah, the luxury island destination set to open soon.
April 29, 2024

NEOM secures SAR 10 billion ($2.7bn) financing facility

in NEOM News

by Farah - News Editor

NEOM today announced it has secured a new revolving credit facility (RCF) worth SAR 10 billion. It represents another milestone for NEOM as it progresses with the development of major projects and will be used to support NEOM’s short-term financing requirements.  The RCF, which follows a Murabaha structure, reflects a continuation of NEOM’s strategy to diversify its sources of funding.
April 29, 2024

Big spenders wanted for Sindalah Island when it opens later this year

in NEOM News

by Farah - News Editor

Saudi Arabia plans to open the first region of its NEOM megacity by the end of the year. The island of Sindalah will provide the first physical glimpse into the ambitious desert project, which has reportedly been scaled back from its initial plans due to financial struggles. Developers say they want the island to be an "exclusive gateway to the stunning Red Sea," adding that they planned to cater to luxury clientele and the global yachting community.
April 29, 2024

THE LINE is taking shape underground as well with the construction of The Spine railway

in NEOM News

by Farah - News Editor

NEOM City is shifting gears from words and videos to actions and tangible proof. The latest revelation came on X (Twitter), where images showed the progress made by Spanish companies on THE LINE’s high-speed railway called ‘The Spine.’ According to the post shared on social media, the firms have completed 25% of the work on one of the tunnels in The Spine, which is a cool 8.7 km long. This space will be utilized by high-speed trains, transport vehicles, and freight trains, serving as the link between THE LINE and an industrial port called OXAGON.
April 26, 2024

NEOM launch world’s largest coral restoration initiative in Saudi Arabia in conjunction with KAUST

in NEOM News

by Farah - News Editor

King Abdullah University of Science and Technology (KAUST), in partnership with NEOM, has launched the first nursery of the KAUST Coral Restoration Initiative (KCRI).  According to a recent press release, KCRI represents the world's largest coral restoration project and is already operational with a second facility underway, both situated in the Red Sea.  This initiative, funded by KAUST — a top-tier graduate research university acclaimed as the number one Arab University by Times Higher Education — features a cutting-edge nursery on the coast of NEOM in northwest Saudi Arabia.
April 26, 2024

NEOM announces second Ritz-Carlton Reserve hotel in TROJENA

in NEOM News

by Farah - News Editor

Marriott International has signed a deal with NEOM to introduce its second Ritz-Carlton Reserve in Saudi Arabi at the TROJENA development. Positioned as a hub for mountain tourism, TROJENA is part of Saudi Arabia’s US$500 billion NEOM project. The Ritz-Carlton Reserve brand includes select destinations located in natural landscapes to promote immersive experiences.