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
The government of Saudi Arabia has accelerated the pace of work in implementing projects at NEOM, a city of the future on the Red Sea coast with total investments amounting to $500 billion.
“The procedures are under way to invite bids to build residential cities dedicated for a total of 100,000 project workers. The government plans to offer five to 10 bids during the period of the coming six months,” the government sources said while noting that each city will have the capacity to accommodate around 10,000 workers. Two Saudi companies — Al-Tamimi Group and Saudi Arabian Trading & Construction Co. (SATCO) — have won contracts for the construction of the complexes. Al-Tamimi Group is building two residential areas inside the village with a housing capacity of 10,000 residents each, while SATCO will build a third one with the same capacity.
A futuristic city in Saudi Arabia’s Tabuk Province is a promising destination for sustainability, and technology. Called NEOM, meaning new future, it is a forward-thinking city that is supposedly nothing like the world has ever seen before. It is being called a revolution in urban living, with an immense potential for tourism. The city is going to be completely powered by renewable energy sources.
Recent meetings with more than 150 international and local firms, held over four days, also reiterated the Kingdom’s Vision 2030 and the ambitious direction of HRH Crown Prince Mohammed bin Salman to build a better future.
Commenting on the meetings, NEOM CEO Nadhmi Al-Nasr said: “NEOM is interested in the future of design and construction, and presents a positive image of what projects should be, especially since the size of the project requires strong partnerships between NEOM and the entire global industrial chain to achieve its vision on the ground.”
NEOM has concluded a four-day meeting to which 150 representatives of local and international companies concerned with design and construction took part. The meeting included an introductory session by NEOM aimed at demonstrating to the participants its ambitious vision and plans that support Kingdom’s Vision 2030, and the ambitious direction of Crown Prince Muhammad Bin towards building a better future.
The meeting also included a tour of NEOM Logistics Complex, which includes various facilities that can accommodate 30,000 workers, in addition to offices, warehouses and service centers, built on an area of 12 square kilometers making it one of the largest temporary logistics complexes in the world.
Saudi Arabia's futuristic $500-billion new city NEOM played host to nearly 150 design and construction companies who visited the project site over the last four days and held discussions with its top officials on future collaboration.
The meeting included an introductory session by NEOM aimed at demonstrating to the participants its ambitious vision and plans that support Vision 2030, and the ambitious direction of HRH Crown Prince Mohammed bin Salman bin Abdulaziz, towards building a better future.
NEOM is currently seeking contractors and investors for the giga project, which is located in northwest of Saudi Arabia, on the Red Sea coast. There was particular interest in NEOM's focus on innovation, Chief Projects Officer Brett Smyth noted. “We are serious about building NEOM in a completely different way and are steering the industry toward technological advancement, greater innovation, and efficiency,” he added.
Ayman Sejiny, CEO of the Islamic Corporation for the Development of the Private Sector (ICD), which is affiliated with the Islamic Bank, said that the corporation was looking to provide financing and credit facilities, including Sukuk, for major Saudi projects such as NEOM and the Red Sea.
Sejiny stated that the Saudi government was the largest supporter of the Islamic Corporation for the Development of the Private Sector. The CEO of ICD revealed that the Corporation aims to finance major projects in the Kingdom, especially new projects such as NEOM and the Red Sea.
ACWA Power, the energy producer backed by Saudi Arabia’s sovereign wealth fund, sees big opportunities in the hydrogen market but the company isn’t planning to add another hydrogen project to its portfolio for some time until its venture with NEOM and Air Products is at an advanced level, its CEO said.
Air Products, in conjunction with ACWA Power and NEOM, signed an agreement last year for a $5 billion venture to produce 650 tons per day of green hydrogen by heating water using renewable energy, as well as 1.2 million tons per year of green ammonia for exporting the hydrogen to the global market. The project, which will be built in NEOM, is scheduled to be onstream in 2025.
NEOM’s Corporate Social Responsibility department has launched its “You are the future” initiative in collaboration with the National Program for Community Development in the Regions. With this step, NEOM seeks to support and inspire the young students of the NEOM and Tabuk communities by equipping them with eco-friendly backpacks in preparation for returning to school.
This project is one of the series of social initiatives NEOM has carried out to enhance social welfare for the community. Through these programs, more than 400 scholarships were awarded to young men and women, of whom 150 were recruited by NEOM.
Billionaire Marc Lore has unveiled plans for Telosa, a $400 billion megacity to be built somewhere in the US desert with space for up to five million residents. Telosa is being billed as a new metropolis that will set “a global standard for urban living, expand human potential and become a blueprint for future generations”, with city planning focused on citizen involvement, equitability and sustainability.
Mr Lore, who was chief executive of Walmart's eCommerce from 2016-2021, has said Telosa is based on the concept of “equitism” - an economic system in which citizens have a stake in the city’s land.
Trade show organizer dmg events is hosting three major events to help relaunch the Kingdom’s “live” events trade season. These include the Saudi Entertainment and Amusement Expo, the Hotel Show Saudi Arabia and INDEX Saudi, taking place from Sept. 7-9 at the Riyadh Front Exhibition and Conference Center.
The list of speakers includes leadership figures from Sala Entertainment, Diriyah Gate Development Authority, Al-Hokair, Ministry of Tourism, IHG, NEOM, The Red Sea Development Company and AMAALA.
The Red Sea International Film Festival (RSIFF), in collaboration with Saudi Film Commission (SFC), has announced that it will support Saudi filmmakers and emerging talents with the opportunity to attend the 78th edition of the Venice International Film Festival, which runs from September 1-11, 2021. Participating Saudi filmmakers have the opportunity to gain exposure at one of the world’s most established festivals, pitch future projects, connect with studios, production houses and make many important connections with industry professionals from around the world, as well as hone their skills in the many developmental workshops and talks the festival has to offer.
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