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Foxconn and PIF ink 30k job JV to make electric cars in Saudi Arabia by 2025Saudi Arabia’s sovereign wealth PIF said it will make electric cars in the kingdom under a joint venture with Foxconn.  PIF said its cars would be available in 2025. Ceer would draw more than $150 million in foreign direct investment, create up to 30,000 direct and indirect jobs and is projected to contribute $8 billion to the kingdom’s GDP by 2034.  The joint venture will license component technology from BMW for use in the vehicle development process, PIF said in a statement.
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Naver to pitch robot-filled smart office to Saudi NEOM projectRepresentatives from Korean IT giant Naver are accompanying the land minister on a trip to Saudi Arabia this week to pitch not only its staple internet and cloud services, but also a whole building filled with its latest technology.  As the IT company aims to bid for a $500 billion city development project in Saudi Arabia, its new office building — named Naver 1784 — is now doubling as a technology showroom.
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Naver is one of the companies accompanying Minister of Land, Infrastructure...
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World’s best minds to convene at cybersecurity forum in Saudi
The Global Cybersecurity Forum (GCF), the action-oriented platform shaping the global cybersecurity agenda, will welcome over 4,500 attendees from over 110 countries at The Ritz-Carlton, Riyadh, from November 9 to 10.
Aiming to leverage the opportunities of an evolving global cyber order, GCF is bringing together the best minds to advance the cybersecurity agenda and grasp its benefits. Over the two-day event founded by the National Cybersecurity Authority, GCF will convene over 120 speakers...
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Korean land minister - 22 companies pitching for work in Saudi NEOM projectMinister of Land, Infrastructure and Transport Won Hee-ryong is leaving Friday for Saudi Arabia to make a sales pitch for Korean companies seeking to participate in the $500 billion NEOM city development.  The Korean Land Ministry is the first Korea ministry to visit the site of the massive project.  Won will travel to Riyadh and stay in the country for four days, joined by 22 companies including 11 Korean construction companies.  Representatives of Hyundai E&C, Samsung C&T,...
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NEOM takes THE LINE’s immersive exhibition to RiyadhNEOM, the developer behind the $500 billion vertical city in Saudi Arabia has announced that people can now immersive themselves in THE LINE’s journey at the public exhibition in Riyadh. Set to open its doors to the public on 6 November, the public gallery will feature detailed designs, architectural models, and informative films revolving the 170km-long vertical city. Additionally, the exhibition will enable visitors to better understand the scope and complexity of the project.
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Egis consortium appointed as Independent Safety Assessor for NEOM’s THE LINENEOM has appointed Egis, its subsidiary AuditSafe, and its partner Certifer to act as the Independent Safety Assessor (ISA) for the railway system in THE LINE and the NEOM Industrial City Connector (NICC). The project will comprise several individual lines: high-speed rail lines, freight rail lines, Metro/GMT rail lines, depot rail lines, and platform loops.
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