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The latest NEOM news for 13 June 2022

The latest NEOM news for 13 June 2022

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Here is the latest news about NEOM for 13 June 2022.

 

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Saudi Arabia's economic shift from oil to ski slopes — fantasy or genuine?

Due to the Ukraine war, Saudi Arabian oil is in demand. But it won't be forever. So how realistic are efforts — which include ski resorts in the desert — to diversify the wealthy monarchy's oil-based economy?


Saudi Arabia will be offering financial incentives to airlines to reach less-travelled destinations including NEOM

Saudi Arabia will be offering financial incentives to carriers to fly routes that have so far been considered to be unprofitable helping them to link these destinations to major global cities.  With an ambitious goal to attract 100 million tourists a year by 2030, direct connectivity would definitely help, especially when it’s a destination that has opened to tourists only as recently as 2019.


Saudi eyes tripling of foreign tourists in 2022

In September 2019, Saudi Arabia inaugurated tourist visas just months before the coronavirus pandemic decimated the industry globally.  An uptick in domestic travel in 2020 and 2021 -- authorities tallied a record 64 million "domestic visits" last year -- helped save the nascent Saudi tourism sector from collapse, and now authorities want to seize more of the international market, Saudi Minister of Tourism Ahmed Al Khateeb, said in an interview.


Saudi Arabia’s leading employers participate in KAUST’s Future Talent Conference

The KAUST Future Talent Conference attracted more than 500 participants from across the Kingdom of Saudi Arabia (KSA), including talent acquisition and human resources (HR) executives, as well as university researchers, faculty, staff and students.


Saudi-backed Savvy Gaming Group purchases $1 billion stake in Embracer Group

Savvy Gaming Group, a subsidiary of the Saudi Arabian government’s Public Investment Fund, has acquired a $1 billion stake in Embracer Group, the holding company that owns numerous media parent companies and game development studios.


Enthusiasts flock to Saudi tea expo

Tea aficionados got the chance to taste all manner of varieties of their favorite beverage at the Tea Colors International Exhibition, which wrapped up Tuesday at the Riyadh International Convention and Exhibition Center.  Tea, along with coffee and dates, is one of the drinks traditionally offered as a show of hospitality in Saudi Arabia.


World’s largest buildings to feature in NEOM

Massive, miles-long buildings, expected to be the world’s largest, are to be part of the futuristic Saudi gigaproject NEOM, according to a Bloomberg report. The twin skyscrapers about 500 meters (1,640 feet) tall would stretch horizontally for dozens of miles.


Global green hydrogen market to reach $700 billion by 2050

The Middle East’s green hydrogen market is set for a major boom in the coming decades, on the back of a global market that is set to reach $700 billion by 2050, according to a report by Arthur D Little.

In its report titled ‘Paving the way for green hydrogen’, the global management consultancy explores the role green hydrogen will have in the future energy mix, concluding that green energy “can be a key technology to bridge decarbonization ambitions.”



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