Saudi Arabia’s NEOM development sets new standards for procurement and materials handling through logistics partnerships with Vinci, ACS and WeBuild Saudi Arabia's NEOM development is reshaping supply chain management on an unprecedented scale, with a US$10bn logistics joint venture setting new standards for procurement and materials handling in mega-construction projects.
NEOM is central to HRH Crown Prince Mohammed bin Salman's Vision 2030, a strategic framework designed to end Saudi Arabia's dependence on oil. Funded primarily by the Public Investment Fund, NEOM is the "crown jewel" of the Kingdom's Giga-projects. From a supply chain perspective, the project is a global branding vehicle for a "New Saudi Arabia" – one that is technologically advanced and open to international capital.
The scale of NEOM has demanded involvement from global engineering and construction companies, each presenting unique supply chain challenges. The project is the world's largest customer for civil engineering services.
Major contractors include WeBuild from Italy, spearheading the US$5bn dam project at TROJENA. Vinci SA and ACS from Europe, alongside regional heavyweights Nesma & Partners and Al Bawani, are heavily involved in the backbone infrastructure – high-speed rail links and underground utility tunnels.
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