NEOM News

The latest news and information about NEOM, ENOWA, OXAGON, THE LINE, TONOMUS, TROJENA and other NEOM related projects

NEOM Reading List

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.

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Schwarz reiterated that NEOM and Enowa, the firm’s energy, water and hydrogen subsidiary, will capitalise on innovations including artificial intelligence to achieve autonomous load balancing to manage and adapt to renewable energy volatility. “The key challenge for 100 per cent renewable energy is to balance it,” he explained.

Saudi Arabia's National Renewable Energy Programme aims to develop up to 58.7GW of renewable energy installed capacity by 2030.

Read the full story at meed.com

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The announcement comes just days after NEOM, a sustainable region in northwest Saudi Arabia being built from the ground up, was revealed as the title partner of the McLaren Formula E and Extreme E racing teams under the banner of ‘NEOM McLaren Electric Racing.’ 

If you’re looking for emerging markets in which to launch a startup, perhaps none is as ripe as the Kingdom of Saudi Arabia. Since the KSA joined the World Trade Organization in 2005 and modernized its trade policy to reflect global practice, foreign investment in the country has exploded.

McLaren will make its debut in Formula E later this year after announcing in May that it had purchased Mercedes’ entry, having previously announced plans to race in Extreme E from 2022.

NEOM, which is a new smart city that is funded by the Public Investment Fund of Saudi Arabia as part of its Vision 2030 programme, has previously enjoyed a partnership with Mercedes’ Formula E team, and has been tipped as a future location for a Formula E race.

Saudi Arabia’s Ministry of Industry and Mineral Resources, in cooperation with the Saudi British Business Council in London, organized on Friday 24th June a workshop themed "The Kingdom of Saudi Arabia: The Next Global Station for Mining", aimed at introducing investment opportunities in the mining sector.

Saudi Minister of Industry and Mineral Resources Bandar bin Ibrahim Alkhorayef explained in his opening speech that the ministry is keen to create an attractive investment environment in the country.

Keller has signed an umbrella Framework Agreement for work on THE LINE, and is getting ready for the first works order. Keller estimates this work will have a value of around £50m, which it expects to complete within the next 12 months.  The company says it is “well positioned to participate in the future geotechnical work,” which has the potential to generate even greater revenue as the dream of the city becomes realised.

NEOM has appointed Dr. Andreas Cangellaris as the founding president of NEOM U – the first university in the $500bn project.  

Dr. Cangellaris is joining NEOM from the University of Illinois Urbana-Champaign, where he is the M. E. Van Valkenburg Professor in electrical and computer engineering and has been serving as vice-chancellor for academic affairs and provost since 2018.

The UAE and Saudi Arabia will lead the region will it comes to investing in the metaverse, with the Middle East to become a “major player” in the online virtual world, a futurist expert told Al Arabiya English.  In an interview with Al Arabiya English, Ian Khan, author of ‘Metaverse for Dummies,’ said the region has also seen several firsts in the immersive virtual world, including the first-ever metaverse wedding.

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