Having already been awarded a Grand Prix, Saudi Arabia want the teams to manufacture cars and train drivers on Saudi soil. This more than ambitious plan has the full backing of the Saudi royal family, which rules the country, and it could potentially...
The TONOMUS Venture Studio launched its activities today with the announcement of a new venture competition focused on the metaverse. The Studio is the venture building and venture investing engine of TONOMUS, the first subsidiary of NEOM and a multinational...
A Bauer Group subsidiary has been commissioned with two further construction phases for foundation work on a linear city that forms part of the NEOM megacity development in Saudi Arabia. The US$500bn (£414bn) NEOM project in the Tabuk province is set...
Saudi Arabia issued permits for new non-oil industrial projects worth around 7.17 billion Saudi riyals ($1.9 billion) in November, according to official data. The 82 permits for new projects brought the total number of industrial investments...
The mega-plant of NEOM Green Hydrogen Company will combine up to 4GW of solar as well as wind energy to make up to 1.2 Million tonnes of green ammonia. This will translate to up to 600 tonnes each day of carbon-free hydrogen. This comes after...
Engineering Consultants Group (ECG) of Egypt has been awarded a contract to design five Saudi NEOM Construction Villages (NCV) spanning 1,647,000m2. ECG’s scope of work includes design review, data collection, masterplanning, concept design,...
