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 quick link to the latest 6 articles for each of the most popular subjects
Ongoing construction, new projects and updates about existing projects
Beach games, e-sports, formula-E, sim gaming & Winter Games
The latest news about the green and sustainability initiatives at NEOM
Saudi Arabia’s $500 billion mega project NEOM is considering the launch its own international carrier, Arabian Business understands. The airline – which would be the third Saudi carrier following on from Saudia and the soon to be launched RIA – would position the spectacular destination as a hub for international tourists, with direct flights to cities in Europe and Asia.
The aggregate value of property and infrastructure projects since the launch of Saudi Arabia’s National Transformation Plan in 2016 has crossed $1.1 trillion as the kingdom continues to diversify its economy, real estate consultancy Knight Frank said. The $500 billion futuristic NEOM city remains the biggest project on the list of 15 big developments at various phases of construction.
Since its inception, NEOM was envisioned by its founder, His Royal Highness Crown Prince Mohammed bin Salman, as an agent of progress and change. It was therefore expected that “future” be intertwined with NEOM’s basic identity, its name, its values and its vision, and this is how NEOM is, from the future and to the future.
Designed from scratch to act as a new global industrial and commercial hub, the mega-development, called NEOM, will also serve as an economic engine for growth in the now-barren region. With half a trillion dollars and a fleet of the world's top consultants the Saudi Crown Prince hopes to redesign the way his citizens will live in the future. NEOM is being promoted as a showpiece urban trophy that will serve as a testbed for technologies that could revolutionize daily life in the future.
Saudi Arabia’s $500-billion giga-project, NEOM, has awarded two contracts to a group of companies to construct two tunnels with a length of 28km dedicated to high-speed transportation and freight services as part of the smart linear city "THE LINE."
Saudi Arabia's Taiba Investments Co. has awarded the construction contract for Sheraton Taiba Hotel project in Madinah to Saudi Arabian Construction Company for 430.7 million Saudi riyals ($114.6 million).
Historically conservative and closed, the wind of change is sweeping through the Kingdom of Saudi Arabia. Under the guidance of its visionary leader, Crown Prince Mohammed Bin Salman (MBS), Saudi Arabia has acknowledged the importance of diversifying its economy to embrace the post-oil horizon.
His Royal Highness Prince Ahmed bin Fahd bin Salman, Deputy Governor of the Eastern Province, will inaugurate the second stop of THE LINE exhibition tour on Sunday, September 4, 2022, at the Dhahran Expo in Khobar. The exhibition will share the detailed designs of NEOM’s city of the future with the public and offer visitors the opportunity to experience THE LINE’s unique architectural concepts. The exhibition will be open to the public starting from September 6, and will last for 21 days, with September 26 as its last day.
ENOWA, NEOM’s subsidiary energy, water and hydrogen, plans to build a district cooling plant at OXAGON. It is set to issue a request for proposals for the contract by November, reported MEED.
NEOM is expected to tender three reinforced concrete water reservoirs in the last quarter of the year. According to a MEED report, the first project includes the expansion of an existing facility by 3,900 million liters including the associated utility buildings.
The gaming market in the Middle East North Africa (MENA) region is expected to increase 19 per cent to over $5 billion by 2025, according to a June report by consultancy firm RedSeer. The region's gaming community is also projected to reach 20 million over the same period. A large part of this growth has been attributed to an increase in spending by current gamers, time spent in-game by users in addition to surging advertisement revenue.
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