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.
The first components of Aquafarm Equipment's closed containment system are already in Saudi Arabia. The Norwegian aquaculture technology supplier unloaded them last week at the Port of NEOM, the city and economic-technological area that the Middle Eastern country is promoting in the kingdom's northwest to support the diversification of its economy and offer sustainable urban solutions.
OXAGON has signed a land lease agreement with a Saudi industrial gas firm to develop a green gases plant that will produce hydrogen, oxygen, argon, and nitrogen. Abdullah Hashim Industrial Gases & Equipment Co. (AHG) plans to build the gas production and distribution facility in OXAGON’s industrial quarter, and eyes starting early operations in late 2026.
OXAGON, the reimagined industrial city of NEOM, has announced the signing of a land lease agreement between NEOM and Abdullah Hashim Industrial Gases & Equipment.
Experiencing concepts take shape into reality is a special feeling, and that’s what we are seeing with NEOM. The futuristic Saudi Arabian city is hitting another milestone: 600 tons of equipment on-site, 4 gigawatts of renewable energy coming online, and $8.4 billion in investment to keep the momentum going. As NEOM hits the 80% complete mark, the ambitious plan has nearly materialized.
Amassive construction site has emerged in the southwest of Saudi Arabia—so large it can now be seen from space. Satellite images clearly reveal the outlines of the future OXAGON megacity, one of the most ambitious projects of our time. This port city, according to the initiators’ plans, is set to become the world’s largest floating urban center, surpassing even such metropolises as New York in size.
NEOM has been recognised with the title of World’s Leading Sustainable Health & Well-being Initiative 2025 by voters at the World Sustainable Travel & Hospitality Awards (WSTHA). The prize was revealed in front of hundreds of global leaders of sustainable tourism gathered in Dubai for the World Sustainable Travel & Hospitality Awards 2025. The VIP ceremony was held at Terra, Expo City Dubai and recognised the individuals and organisations that are accelerating change in net positive tourism.
NEOM's OXAGON has announced a significant land lease agreement with Abdullah Hashim Industrial Gases & Equipment Co. Ltd (AHG). This collaboration involves a SAR600 million investment to establish an advanced industrial gases production and distribution facility in OXAGON’s Industrial Quarter. The project will unfold in phases, with the first phase set to begin construction in February 2026 and operations expected by late 2026.
Satellite photography has revealed the numerous settlements containing thousands of identical housing blocks that have been built for those working on NEOM in the northwest of Saudi Arabia. Taken from Google Maps, the satellite images show a series of large camps surrounded by desert that have been built alongside NEOM's major construction sites.
Experts have warned that Saudi Arabia's $8.8 trillion giga-project is on the brink of collapse. Saudi Arabia's massively expensive futuristic city project, NEOM, appears to be falling apart. A new Financial Times report, based on insider sources, paints a grim picture of chaos and failure at the heart of the ambitious scheme.
Saudi Arabia is expanding its AI efforts through Humain, a locally based company owned by the kingdom’s sovereign wealth fund. Humain plans to build up to six gigawatts of data center capacity across Saudi Arabia by 2034, partnering with companies such as Nvidia, AMD, Amazon Web Services, Qualcomm, and Cisco. This week, Humain announced a US$3 billion deal with Blackstone to develop data centers in the country.
Saudi Arabia is preparing to redirect its USD 925 billion sovereign wealth fund, the Public Investment Fund (PIF), away from real estate-led megaprojects that have defined its development priorities over the past decade, a source familiar with the matter said.
Page 11 of 126
){kind=link}
', '/companies/347/cropped-1626173788.jpeg', 0.0)){kind=link}
', '/companies/289/cropped-1621939898.png', 0.0)){kind=link}
){kind=link}
){kind=link}
){kind=link}
){kind=link}
', '/companies/334/cropped-1625981159.jpeg', 0.0)){kind=link}
){kind=link}
){kind=link}