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.
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.
Saudi Arabia has approved a new law to boost the development of the tourism sector in the Arab world’s largest economy, attract more investment in the sector and increase visitor numbers. This is part of efforts by the Saudi government to diversify the country's economy away from oil.
NEOM will soon be home to some of the world’s tallest buildings, as the country pours hundreds of billions of dollars into the development of non-oil sectors, Bloomberg reported citing people familiar with the matter. According to the report, NEOM will have twin skyscrapers measuring about 500 meters that stretch horizontally for dozens of miles.
McLaren Racing has signed a deal with René Rast to race in the FIA Formula E World Championship from the 2022/23 season. The announcement confirms René as the first of two names to form the NEOM McLaren Formula E driver line up, as the team embarks on its debut season in the all-electric racing series.
Saudi Industrial Services Company (SISCO) has announced a project awarding to a consortium in which one of its subsidiaries participates. The subsidiary is the International Water Distribution Company (Tawzea) and it is equally owned by SISCO and the Saudi Arabian Amiantit Company.
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