Lucid Group, setting new standards with the longest-range, fastest-charging electric car on the market, has set the stage for the construction of its AMP-2, a world-class production factory in Saudi Arabia with the hosting of a ceremonial signing event.
Saudi Arabia’s Public Investment Fund (PIF) is combining two giga projects with The Red Sea Development Company (TRSDC) having taken over Amaala under a single new entity, which will be soon known as Red Sea Global, according to the joint CEO of both companies.
The Saudi Arabian government’s Public Investment Fund (PIF) has reportedly acquired a five percent stake in game developer and publisher Nintendo. The $500bn (~£403bn) fund said it purchased the stake for "investment purposes", according to a filing to Japan’s Finance Ministry reported by Bloomberg.
Saudi Arabia rejected Andrew McEvoy’s assertions about special characteristic or nickname that those living in NEOM City will be associated with and about free flow of wine and alcohol.
In a strongly worded rebuttal of NEOM City’s Tourism Sector Head, Andrew McEvoy, Saudi Arabia Monday said the much hyped ultra-modern future city, will be governed by the Kingdom’s rules and regulations.
The Kingdom of Saudi Arabia is a bubbling beaker of Arabian tradition mixed with science-bending futurism – with megacity NEOM spearheading the change. From its technological verve to its sustainability ambitions, it’s clear that NEOM is firmly in charge of its own narrative, with robotic avatars and holograms ready to become part of everyday life.
The Saudi Arabian government is likely to increase funding to NEOM, the 26,500-sq-km giga development in the kingdom’s northwest region, adding to the government's initial commitment of $500 billion, according to one of the leaders of the project.
Visitors to the city will have a guilt-free vacation and the city seeks to make holidays environmentally friendly, Andrew McEvoy, managing director tourism at NEOM, told Arab News on the sidelines of the Arabian Travel Market.
NEOM's unique rules and regulations will attract residents and visitors alike, says project official. Andrew McEvoy told The National he expected two million “NEOMians” to call the city their home by within the next decade. Mr McEvoy made his comments on the sidelines of the Arabian Travel Market, currently being held in Dubai’s World Trade Centre.
Saudi Arabian industry sector is seeking to attract investment of $32 billion in nine projects in the fields of mining and metals to bolster exports of metal products to local and global markets, the Saudi Press Agency (SPA) reported on May 6th, citing Minister of Industry and Mineral Resources Bandar Al-Khorayef.
As Saudi Arabia is building multimillion-dollar giga-projects, it intends to alter the possibilities of travel through regenerative tourism, with an aim to build things with a circular economy in mind.
NEOM’s top executives are attending the ATM, the Middle East’s largest travel and tourism exhibition, that will be addressing the concerns and hopes of the industry in the wake of the COVID-19 pandemic.
Saudi Arabia’s NEOM Green Hydrogen Co. has selected a contractor to build solar and wind plants to supply the city’s $6.4-billion green hydrogen-based ammonia plant with electricity, Meed reported.
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