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Saudi’s NEOM invests in zero-emission aviation start-up ZEROAVIA
Saudi Arabia's flagship business zone NEOM participated in Series B fund funding round of ZeroAvia, a US-UK start-up developing hydrogen-electric, zero-emission aviation technologies.
NEOM joined Barclays Sustainable Impact Capital, AENU, and International Airlines Group (IAG) to invest $30 million in ZeroAvia to bring its Series B fund raising round to $68 million, the company said in a press statement.
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Korean companies in lead to help build $500 billion Saudi city
A construction boom in the Middle East is coming as oil-producing countries aim to build facilities and plants that help them go carbon neutral and Korean companies are leading the charge.
HanmiGlobal, a construction project management company, won a 2.6 billion won ($1.98 million) deal to manage a part of the NEOM City construction. The company will manage overall construction of THE LINE area of the city, a residential area. More contracts are up for grabs, and Hyundai Motor and...
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NEOM is planting 100 million trees and restoring 1.5 million hectares of landNEOM, the sustainable regional development in northwest Saudi Arabia, has launched its very own regreening initiative in collaboration with the National Center for Vegetation Cover and Combating Desertification. As part of its program to rehabilitate at least 1.5 million hectares of land, NEOM’s initiative will see the return of 100 million native trees, shrubs and grasses by 2030 to aid the restoration of degraded land and repair of wildlife habitats.
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NEOM partners with Extreme E to update hydrogen-based sport racing technologies
International off-road racing initiative Extreme E announced a multi-year relationship with ENOWA, the energy, water and hydrogen subsidiary of Saudi Arabia’s NEOM to implement innovative green hydrogen-based technologies for Extreme E’s global sustainable racing series, while also showcasing the possibilities of green hydrogen.
ENOWA will play an active part on the scientific advisory board of Extreme E, while the partners will develop educational programmes intended to excite young people...
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