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NEOM News

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

Keller posts strong half-year results ahead of first work on Saudi mega city


Geotechnical firm recently awarded £50m package on controversial NEOM project.  Keller is preparing for work on its first major contract on NEOM, a $500bn new city set to be built on the coast of Saudi Arabia.  The ground engineering contractor released its half-year results today, which demonstrated strong growth and highlighted NEOM’s “potential to generate contract revenue in the hundreds of millions of pounds in future years”.

Keller is one of a small number of geotechnical firms working on THE LINE, which is NEOM’s first development and is comprised of two horizontal skyscrapers, each 170km long.

Michael Speakman, Keller’s chief executive said he expected the project to be delivered more slowly than Saudi Crown Prince Mohammed bin Salman, who this week said he expected 1.5 million people to be living in THE LINE by 2030.

Read the full story at Building