NEOM News

The latest news and information about NEOM, ENOWAOXAGONTHE LINE, TONOMUSTROJENA and other NEOM related projects

NEOM Reading List

We like to keep up with news and events in NEOM, Saudi Arabia and the surrounding area. Here are some of the news sites we read regularly.

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The countdown is on to the first-ever double-header Extreme E event, as the championship returns to the Italian island of Sardinia for a summer showdown of back-to-back racing on July 6-7 and July 9-10.

NEOM’s title sponsorship of the Island X Prix follows the announcement that Extreme E has entered into a multi-year relationship with ENOWA, NEOM’s energy, water, and hydrogen subsidiary, to introduce green hydrogen power to their global sustainable racing series.

Schwarz reiterated that NEOM and Enowa, the firm’s energy, water and hydrogen subsidiary, will capitalise on innovations including artificial intelligence to achieve autonomous load balancing to manage and adapt to renewable energy volatility. “The key challenge for 100 per cent renewable energy is to balance it,” he explained.

Saudi Arabia's National Renewable Energy Programme aims to develop up to 58.7GW of renewable energy installed capacity by 2030.

Read the full story at meed.com

If you’re looking for emerging markets in which to launch a startup, perhaps none is as ripe as the Kingdom of Saudi Arabia. Since the KSA joined the World Trade Organization in 2005 and modernized its trade policy to reflect global practice, foreign investment in the country has exploded.

McLaren will make its debut in Formula E later this year after announcing in May that it had purchased Mercedes’ entry, having previously announced plans to race in Extreme E from 2022.

NEOM, which is a new smart city that is funded by the Public Investment Fund of Saudi Arabia as part of its Vision 2030 programme, has previously enjoyed a partnership with Mercedes’ Formula E team, and has been tipped as a future location for a Formula E race.

Saudi Arabia’s Ministry of Industry and Mineral Resources, in cooperation with the Saudi British Business Council in London, organized on Friday 24th June a workshop themed "The Kingdom of Saudi Arabia: The Next Global Station for Mining", aimed at introducing investment opportunities in the mining sector.

Saudi Minister of Industry and Mineral Resources Bandar bin Ibrahim Alkhorayef explained in his opening speech that the ministry is keen to create an attractive investment environment in the country.

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