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The latest NEOM news for 05 September 2022

The latest NEOM news for 05 September 2022
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Here is the latest news about NEOM for 05 September 2022.

 

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NEOM awards two contracts for transportation project for THE LINE

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 investment firm awards $115m contract for new 5-star hotel in Madinah

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).


Saudi Arabia Wants To Be The Next Big Travel Destination, Here’s How They’re Doing It

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.


Eastern province Deputy Governor launches the second stop of NEOM’s the line designs exhibition tour at Dhahran expo

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...


NEOM’s subsidiary plans district cooling plant in OXAGON

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 plans more water tenders in Q4 of 2022

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.


MENA games market projected to exceed $5bn by 2025

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.



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