Saudi Arabia’s Tabuk Fisheries Company recently hatched its first batch of native sobaity bream larvae – a breakthrough that could pave the way to diversifying the Middle East’s burgeoning aquaculture sector.
The independent feature Within Sand has begun shooting in NEOM, becoming the first Saudi film to be supported by NEOM’s Media Industries sector.
Selected and supported by the Saudi Film Commission in a nationwide Daw’ film competition, Within Sand is being produced by Riyadh-based Alsarid Films and will be distributed by Saudi-based CineWaves films. The script has been selected and developed by Torino Lab, which was part of the Red Sea International Film Festival programs.
Following requests from our newsletter subscribers we've moved it from Friday to Monday as many people said they didn't have time on a Friday to catch up with NEOM news. The next publishing date will be Monday 28th March 2022.
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NEOM announced the launch of its subsidiary company ENOWA, which will lead the development of NEOM's world-class, sustainable energy and water systems. Work to develop these utilities has begun to provide the critical infrastructure for NEOM's key projects: THE LINE, its revolutionary urban development; OXAGON, its reimagined industrial city; and TROJENA, its sustainable mountain tourism destination.
Saudi Arabia has announced that it will begin its construction of a green H2 plant as early as this month as it moves forward in its strategy to ease the dependence of its economy on fossil fuel exports. Hydrogen is expected to be central to the global efforts to transition to cleaner energy sources. It is expected that much of the exports from the green H2 plant will be shipped to meet demand from Asian and American companies.
startAD, the Abu Dhabi-based startup accelerator powered by Tamkeen and anchored at NYU Abu Dhabi (NYUAD); and VentureSouq, a GCC-based venture capital firm, have announced the seventh annual Angel Rising Investor EducationSymposium, which will take place virtually from March 22-23, 2022. Themed FoodTech For Thought, the two-day Symposium will cover timely and important topics of how to harness technology to address food security. Andrew Yip - Head of Technology and Innovation - Food, NEOM will be speaking.
Throughout history, human ingenuity has been the key driver of economic and political changes. Whether by accident or deliberate action, humans have often developed and adopted new technologies whose impact on the rise and fall of empires and regions far exceed their original inventors’ imagination.
The aim of Saudi Vision 2030 is to diversify Saudi Arabia’s economy and strengthen the country’s public services including health, education, infrastructure, recreation, and tourism. This is driven by the country’s digital transformation which is underpinned by world-class telecommunication systems as well as high-tech smart industries.
The NEOM project, called Helios, is led by a consortium including Air Products and ACWA Power International
Saudi Arabia will start construction of a green hydrogen plant as soon as this month as it pushes ahead with plans to export the fuel in about four years. The kingdom is on track sell carbon-free hydrogen from a $5bn project in NEOM by 2026, according to Peter Terium, the head of energy and water for the new region. Engineers have finished flattening the site in north-western Saudi Arabia and US-based Air Products & Chemicals will soon begin building the facility, he said.
The total volume of investments in Saudi Arabia’s industrial sector accumlated to SR1.33 trillion ($354 billion) by the end of January, official data showed. In its official bulletin, the Ministry of Industry and Mineral Resources said investments worth SR1.8 billion were recorded in January.
ACWA Power, a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants, today announced its full-year 2021 financial results, demonstrating strong operational and financial performance in line with expectations.