NEOM News

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

NEOM Reading List

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.

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NEOM Construction News

CONSTRUCTION

Ongoing construction, new projects and updates about existing projects

NEOM Sports News

SPORTS

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NEOM Sustainability News

SUSTAINABILITY

The latest news about the green and sustainability initiatives at NEOM

The National Bank of Kuwait (NBK) participated in a firsthand tour of NEOM, Saudi Arabia's $500 billion giga-project with representatives from 52 global, regional, and local financial institutions.  The tour highlighted the advancements made in key projects such as THE LINE, OXAGON, TROJENA, and Sindalah, a site visit to THE LINE to witness the progress of Phase 1 construction and an aerial view of Sindalah luxury island destination, which is set to open soon, NBK said in a press statement.

The ski resort, TROJENA, which is part of Saudi Arabia’s NEOM project is tipped to become a "towering marvel of nature," Daily Star reported.  Featuring a "vertical village" and a resort 70% covered in snow, TROJENA is set to become the world’s first ski resort in the middle of a desert.

Oracle Corp plans to invest $1.5 billion in Saudi Arabia in the coming years as it builds up its cloud footprint in the kingdom and opens its third public cloud region in Riyadh, a company official said.  Increased demand for cloud computing has pushed technology companies such as Oracle, Microsoft, Amazon and Alphabet's Google to set up data centres across the world to speed up data transfer.

A Saudi minister has broken silence over recent claims suggesting that Riyadh's NEOM mega project's 'THE LINE' has been scaled back from an initial distance of 170 kilometres to only 2.4 km.  In a recent World Economic Forum interview in Riyadh, published by CNBC earlier this week, Faisal Al Ibrahim, Saudi Arabia minister of economy and planning gave an update on the country's much-awaited mega project, New Civil Engineer reported.

NEOM has secured a new revolving credit facility (RCF), worth SAR 10 billion ($2.667 billion), that will support short-term financing requirements as NEOM moves forward with the development of major projects, including TROJENA, THE LINE, OXAGON and the soon-to-open luxury island destination Sindalah.

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