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NEOM News

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

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NEOM, the company building a futuristic city on Saudi Arabia’s Red Sea coast, plans to invest in technology startups in both Saudi Arabia and abroad, the head of its technology arm said.

NEOM already has an investment fund that is looking at companies in India and other parts of Asia as well as Silicon Valley and the UK, Joseph Bradley, CEO, NEOM Tech and Digital Holding Co., told Arab News in an interview on the sidelines of the Future Investment Initiative conference in Riyadh.  “We’re also looking at companies here that we can acquire to help accelerate their growth pattern and create value right now with Saudi tech that could be exported to the rest of the world,” he said.

Crown Prince Muhammad bin Salman, Deputy Prime Minister and Minister of Defense, received here on Sunday French Foreign Minister Jean-Yves Le Drian.  During the meeting, they reviewed bilateral relations and ways to enhance them, as well as regional and international developments and the efforts exerted towards them.

The meeting was attended by Prince Faisal bin Farhan bin Abdullah, Minister of Foreign Affairs, and Minister of State, Cabinet Member and National Security Adviser Dr. Musaed bin Mohammad Al-Aiban.

US National Security Adviser Jake Sullivan had high-level discussions on Iran and Yemen in the city of NEOM with Saudi officials.  According to the newspaper Asharq Al-Awsat, Sullivan, the highest-ranking US official to visit Saudi Arabia since Joe Biden took office last January, will discuss “the Iranian nuclear file” and efforts to force peace initiatives to end the war in Yemen.

As one of the world’s most water-stressed countries, India faces a massive challenge every day to deliver safe drinking water to a population of close to 1.8 billion people. And when one considers that it is home to 18% of the world’s population but has access to only 4% of global freshwater resources, a radical rethink of how it manages its water resources is urgently needed.

Recognizing that a new approach to water processing and sustainability is required, NEOM plans to adopt a regenerative approach to water processing that will focus on preserving natural reserves and rejuvenating natural groundwater sources.

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