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 will need estimated funding of SAR139 billion ($37.02 billion) in 2025 to cover the potential budget deficit. Finance minister Mohammed Al Jadaan has approved the borrowing plan, the National Debt Management Cente said in a statement. The ministry anticipates a budget deficit of SAR101 billion for the year, with nearly SAR38 billion of debt repayment.
Adhering to the principle of adapting to market demands, the Chinese-Polish Joint Stock Shipping Company (Chipolbrok) launched a new liner service from China, the Far East, and Southeast Asia to the Arabian Gulf. This new connection to eastern destinations is underpinned by a long-term contract to supply industrial products, primarily manufactured in China, to these rapidly expanding economic zones.
The Saudi Arabia crawler excavator market is expected to grow further due to several infrastructure projects such as NEOM, Qiddiya, & Red Sea Roshn.
Vishal Wanchoo, CEO of OXAGON, highlighted the city as a beacon of innovation and sustainability at the heart of Saudi Arabia’s transformation, saying that the NEOM Port is set to reshape global trade.
As excitement builds for the forthcoming projects in NEOM, Qatar Airways is set to double flights between Doha and NEOM this winter. Although a date for the increased flights hasn’t been given, it’s likely to be in the coming months that Qatar Airways will increase its weekly flights to NEOM from two to four.
Korean builders have achieved more than $1 trillion in accumulated overseas construction deals, the Ministry of Land, Infrastructure and Transport said Friday. The achievement comes 59 years after Hyundai Engineering & Construction obtained its first overseas deal to build an expressway in Thailand in November 1965.
Al Jouf Cement's board of directors has approved the use of its 'green' cement for projects in the new NEOM city.
The highly anticipated launch of the Port of NEOM marks a significant step in Saudi Arabia's ambitious Vision 2030 plan, designed to diversify the economy and reduce its reliance on oil exports. The port, located in the futuristic £1.2tn mega-city of NEOM, is set to become a vital hub for international trade, promising to reshape the region's economic landscape.
The Ministry of Environment, Water, and Agriculture (MEWA) and NEOM, the ‘land of the future’ under development in northwest Saudi Arabia, have revealed the discovery of eight native plant species that were not previously recorded in the Kingdom of Saudi Arabia.
Sindalah Island in NEOM is quickly establishing itself as one of the most exciting luxury destinations in Saudi Arabia. Set to be a hub for high-end experiences, this region is on track to become home to some of the most unique dining concepts in the region. And now, there’s another culinary gem heading here called Rumbaza.
A futuristic mega-city - complete with an artificial moon and flying taxis - planned for Saudi Arabia has started its recruitment process. NEOM is the urban area being built by Saudi Arabia in Tabuk. Launched in 2017 by crown prince Bin Salman it aims to include an astonishing array of components in the 28,000 square kilometre city in the middle of the desert.
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