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.
Saudi Arabia has announced that it will begin its construction of a green H2 plant as early as this month as it moves forward in its strategy to ease the dependence of its economy on fossil fuel exports. Hydrogen is expected to be central to the global efforts to transition to cleaner energy sources. It is expected that much of the exports from the green H2 plant will be shipped to meet demand from Asian and American companies.
startAD, the Abu Dhabi-based startup accelerator powered by Tamkeen and anchored at NYU Abu Dhabi (NYUAD); and VentureSouq, a GCC-based venture capital firm, have announced the seventh annual Angel Rising Investor Education Symposium, which will take place virtually from March 22-23, 2022. Themed FoodTech For Thought, the two-day Symposium will cover timely and important topics of how to harness technology to address food security. Andrew Yip - Head of Technology and Innovation - Food, NEOM will be speaking.
Throughout history, human ingenuity has been the key driver of economic and political changes. Whether by accident or deliberate action, humans have often developed and adopted new technologies whose impact on the rise and fall of empires and regions far exceed their original inventors’ imagination.
The aim of Saudi Vision 2030 is to diversify Saudi Arabia’s economy and strengthen the country’s public services including health, education, infrastructure, recreation, and tourism. This is driven by the country’s digital transformation which is underpinned by world-class telecommunication systems as well as high-tech smart industries.
The NEOM project, called Helios, is led by a consortium including Air Products and ACWA Power International
Saudi Arabia will start construction of a green hydrogen plant as soon as this month as it pushes ahead with plans to export the fuel in about four years. The kingdom is on track sell carbon-free hydrogen from a $5bn project in NEOM by 2026, according to Peter Terium, the head of energy and water for the new region. Engineers have finished flattening the site in north-western Saudi Arabia and US-based Air Products & Chemicals will soon begin building the facility, he said.
The total volume of investments in Saudi Arabia’s industrial sector accumlated to SR1.33 trillion ($354 billion) by the end of January, official data showed. In its official bulletin, the Ministry of Industry and Mineral Resources said investments worth SR1.8 billion were recorded in January.
ACWA Power, a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants, today announced its full-year 2021 financial results, demonstrating strong operational and financial performance in line with expectations.
The King Abdulaziz Royal Reserve recently announced its goal to plant 3.1 million trees by 2027. The King Abdulaziz Reserve is linked administratively to the Royal Reserves Council, which is chaired by Crown Prince Mohammed bin Salman. The King Abdulaziz Royal Reserve Development Authority, which the Minister of Interior oversees, is in charge of supervising the reserve and working to develop it by approving the necessary regulations to achieve its goals.
The manufacturing facility located in Saudi Arabia's planned city of NEOM would produce chips, displays, and EV components. The new factory will be located in the city of NEOM in the Tabuk Province of northwestern Saudi Arabia. The one problem being, NEOM doesn't exist yet. The Saudi government announced NEOM back in 2017 and is planning to complete the first section by 2025. When finished, it's expected to become a new economic zone covering 10,000 square miles at an estimated cost of $500 billion.
Those in charge of NEOM are creating a city where you can go snorkelling by the beach and ski down snow-topped mountains on the same day. Mountain destination TROJENA, set to open in 2026, will have a ski village, ultra-luxury family and wellness resorts, a wide range of retail stores and restaurants, as well as water sports, mountain biking and an interactive nature reserve.
The large-scale support for moviemaking in Saudi Arabia by the crown prince began with accurate steps that came about after detailed research of the Saudi market, starting with the resumption of movie screening across the Kingdom after a decades-long ban.
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