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.
A recent deep-sea expedition off the Saudi Arabian coast led to an astonishing discovery 1,770 meters below the surface of the Gulf of Aqaba. Researchers operating a remotely controlled vehicle uncovered unexpected shimmering pockets of dense, salt-saturated water, known as brine pools, situated in the ocean floor. What makes these pools particularly remarkable is their eerily still and oxygen-free environment.
TROJENA aims to retender the main construction contract for the multibillion-riyal TROJENA Ski Village project in Saudi Arabia. The client, NEOM, has noted plans to reissue the tender “in a couple of months.” In May, TROJENA received final offers from contractors for the Ski Village project. Furthermore, NEOM requested a new round of offers after issuing an addendum in early January. Contractors submitted revised proposals on 17 May.
Construction contracts worth $24bn have now been awarded for Saudi Arabia’s NEOM project and sub-projects, according to property consultancy Knight Frank. They include $470m for Magna, $3.31bn for TROJENA – set to have the world’s largest man-made lake – $8.9bn for THE LINE, and $9.3bn for OXAGON.
Saudi Arabia has awarded contracts worth $196 billion to develop its commissioned giga projects, up 20 per cent on 2024, with the increase driven by real estate and infrastructure work amid a shift from planning to execution. The total value of projects in the pipeline in the kingdom currently stands at $80 billion, Knight Frank said in its fourth annual Saudi Arabia Giga Projects report released on Monday.
Satellite imagery from Maxar Technologies has revealed the construction of a luxury complex within the NEOM region, raising eyebrows among critics. The development, featuring multiple swimming pools, private beaches, and a golf course, is reportedly linked to Prince Mohammed bin Salman, who chairs NEOM’s board. This opulent construction stands in stark contrast to the stalled progress of NEOM’s key projects, such as THE LINE, a 110-mile vertical city that was anticipated to begin its first phase of construction long ago.
Saudi Arabia is set to redefine architectural limits with its plans to construct a groundbreaking 1.2-mile-high skyscraper near Riyadh, challenging engineering norms and promising to surpass all existing structures in height and ambition.
Kia announced on the 29th that it will work with Saudi company Red Sea Global to demonstrate its purpose-based vehicle (PBV) PV5. RSG is also the name of one of Saudi Vision 2030's five Giga projects officially declared by Saudi Arabia, along with NEOM (future new city), Kidya (entertainment complex), Roshun (housing development), and Diriya (historic development). It aims to create nature-friendly luxury resorts and well-being tourism complexes on the Red Sea and the West Coast.
DSP Consultants has become market leaders in ELV and security technology consultancy over the past 15 years. They are expanding rapidly in the global Market and in the region they have become pioneers of security consultancy. With consistent hard work and team effort, DSP Consultants secured Code-A approval for providing their services in Saudi Giga Projects 2030 and is proud to announce this major milestone in its regional growth journey. This achievement marks a significant breakthrough for the firm, cementing its position as a trusted leader in security consultancy services across the region.
The 2030 Leaders Programme, a flagship initiative of the Mohammed bin Salman Foundation (Misk), has announced a strategic partnership with NEOM to deliver Module 4 of Cohort 7, ‘Execute: Delivering strategies in a dynamic world.’
Saudi Arabia is preparing to take its futuristic mobility plans to the skies. In a landmark move, two Saudi firms — Front End and Cluster 2 Airports have signed a memorandum of understanding (MoU) with Chinese eVTOL maker EHang to roll out autonomous aerial vehicles (AAVs) across the Kingdom.
LG Electronics Inc. said Friday it has discussed possible cooperation with Saudi Arabia to supply cooling solutions for the Middle East nation's NEOM smart city project. LG Electronics Chief Executive Officer Cho Joo-wan met with Saudi Investment Minister Khalid Al-Falih in Seoul earlier in the day to discuss providing cooling solutions for artificial intelligence (AI) data centers in the smart city under construction, the company said in a release.
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