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 upscale contemporary Asian restaurant currently has one Middle East venue, situated in the Address Sky View Hotel in Dubai. Plans are reportedly in place to open its newest location in Saudi Arabia’s giga-project NEOM, a source has revealed to Arabian Business. The Dubai location is known for its iconic swing and its stunning views of the Burj Khalifa, whilst guests favour the Champagne Brunch, DJs, live entertainment, cocktail selection and Michelin-star food.
Acwa Power, which is developing a $5 billion green hydrogen-based ammonia production plant in Saudi Arabia’s smart city NEOM, plans to "replicate" the project elsewhere, a top executive said. “Huge capacities” of the fuel are required to meet an anticipated growth in demand, Andrea Lovato, global head of hydrogen at Acwa Power, told The National at the CEBC Annual Summit in Dubai on Tuesday.
NEOM, the global development taking shape in northwest Saudi Arabia, has signed a partnership with Othman Almulla, the first professional golfer from the Kingdom of Saudi Arabia. This highlights NEOM’s commitment to supporting Saudi talent as it endeavors to become an innovative hub for sport. Almulla will help NEOM’s ambition to promote active and healthy lifestyles within the community, in line with Saudi Vision 2030.
No, not that Peter Cook.
The UK architects’ designs for the linear desert metropolis known as THE LINE – the controverisal flagship project within the wider NEOM smart city development – are among those currently being displayed in the Saudi capital, Riyadh, until 29 April. Early visualisations show two parallel mirror-clad skyscrapers running through the desert, with high speed rail, gardens and walkways suspended between them.
Terra Drone said today it has raised $14 million in Series C funding from Wa’ed Ventures, the venture capital arm of Saudi Aramco, marking the VC firm’s first investment in Asia. The Japan-headquartered company, which builds drone software, hardware and uncrewed aircraft traffic management software, said the new capital brings its total raised to $97 million since its inception in 2016. It declined to comment on its post-money valuation. According to sources familiar with the situation, the startup was valued at more than $200 million in March last year when Terra Drone closed a $70 million Series B.
The NEOM McLaren Formula E Team is aiming to continue its strong start to the ABB FIA Formula E World Championship season at the Diriyah E-Prix this weekend.
In the season opener in Mexico City two weeks ago, Jake Hughes and René Rast took to the track for their first race for the newly formed NEOM McLaren Formula E Team, clinching 5th and 18th place respectively. This weekend, attention turns to the Diriyah E-Prix which, for the fourth successive year, is being staged as a double-header on January 27 and 28, racing around the historic UNESCO Heritage Site in Diriyah.
NEOM will be a model for modern projects and cities that represent the focus of the new economy, said CEO Nadhmi Al-Nasr. It will do so by embracing many different companies and industries while attracting qualitative foreign investments. Al-Nasr pointed to NEOM’s efforts in implementing a circular economy based on model future thinking that enacts change at the level of production sectors and the standard of living. This enhances the contribution to the GDP.
Al-Nasr made the remarks in 2nd Municipal Investment Forum “FURAS”. He added NEOM will be producing clean energy by 100% on a large scale sufficient to supply NEOM with all its needs, to reach net-zero carbon emissions. The NEOM project will redefine the concept of the city by embracing a 9 million population, and employing the city's resources, in addition to creating a new concept of environmentally friendly tourism.
NEOM in Saudi Arabia will be home to the Kingdom’s first Yotel hotel, it has been announced. Yotel will open the doors on the NEOM property in 2025 at the OXAGON development in Saudi Arabia. It will be the first hotel in OXAGON, which will be the home of advanced and clean industries in NEOM.
NEOM has unveiled The Vault, a hyper-modern village built vertically (as opposed to THE LINE – the project’s world-changing linear city). To save space, The Village folds in on itself, tucked inside a hollowed mountain in the TROJENA area. The revolutionary project will be 198 metres high, 253 metres wide and 864 metres long (which is slightly longer than the Burj Khalifa is high). It will have a total area of 200,000 sq m.
East Pipes Integrated Co announced in a statement that it has signed multiple contracts with NEOM with total value of the contracts worth about $99.3 million. The scope of works includes supplying of steel pipes for water transmission lines, and the duration of the contract is 12 months.
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