NEOM News

The latest news and information about NEOM, ENOWA, OXAGON, THE LINE, TONOMUS, TROJENA and other NEOM related projects

As we go into our busiest ever phase of development, the scale of potential across NEOM is monumental. With projects progressing fast across all parts of the region, we are committed to collaborating with globally renowned contractors to achieve the vision of NEOM

NEOM CEO Nadhmi Al Nasr

Everything is on track at NEOM, officials tell global contractors after report of a slower build-out


Business as usual at NEOM? Some 100 global construction firms got briefings on NEOM’s construction progress at a two-day industry forum held days after Bloomberg suggested a slower buildout of the USD 500 bn mega development, according to a statement by NEOM. They were briefed on progress in NEOM’s flagship project THE LINE, the Spine OXAGON, TROJENA, and NEOM International Airport.

The identities of the participating contractors in the forum were not disclosed, but NEOM said the forum saw participation from firms from Asia, Europe, North America and North Africa as well as Saudi builders.

Bloomberg said planners had scaled back their estimate for how many people will live in THE LINE by 2030, saying it would come in at a bit under 300k compared to the original 1.5 mn. That suggested a slower buildout with at least one of the contractors working on the project set to layoff some of the workers on site, the business information service wrote.

Read the full story at Enterprise

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