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NEOM presents market opportunities to US business communityNEOM has concluded a series of 'Discover NEOM' events with investors and business partners in the United States as part of its ongoing efforts to highlight the project’s latest developments and explore investment opportunities. Nadhmi Al-Nasr, CEO of NEOM, said: "We came to the United States to explore the significant market opportunities that NEOM presents to American corporations, to showcase the great progress NEOM has made and to discuss how we can best support the collaborative international...
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Saudi wealth fund weighs stake in Thyssenkrupp’s hydrogen unitSaudi Arabia’s Public Investment Fund (PIF) is considering buying a stake in Thyssenkrupp’s hydrogen unit as the oil-rich kingdom pivots to greener forms of energy production, people familiar with the matter said.  The sovereign wealth fund is in the early stages of studying a potential investment in the engineering conglomerate’s Nucera business, the people said, asking not to be identified discussing confidential information.
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4000 MW Renewable Energy Project for NEOM to Come Up Near Jordan BorderThe renewable energy projects that are being planned by Saudi Arabia to supply electricity to the green hydrogen based ammonia plant in the city of NEOM appear to have been disclosed. As per media reports, the renewable energy projects will be located in the North-West region of Saudi Arabia. It will be developed near the Jordan border to help the development of the $6.5 billion ammonia plant.
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NESR seals $300mln Saudi Aramco fracturing contract
National Energy Services Reunited Corporation (NESR), a global industry-leader in provision of integrated energy services in the Middle East and North Africa (Mena) region, has announced that the company has been awarded one of the major contracts for integrated rig-less stimulation and testing services (Conventional Fracturing) across Saudi Arabia.
These contracts, worth approximately $300 million are for a total period of three years with an option for a further extension of two years, said...
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How MBC Studios is infusing the film and content landscape with a new dynamicProducing local and global cinematic gems that tug right at the heartstrings of consumers seems to be the big clear focus of MBC Studios, the in-house premium content production arm of MBC Group. Apart from choosing Saudi Arabia as their launching pad, the industry giant recently concluded shooting in NEOM and the wider Tabuk province for the film “Desert Warrior” starring Hollywood star Anthony Mackie, and Aiysha Hart.Â
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Element opens $1mln Saudi laboratory to support NEOM projectGlobal inspection specialist, Element Materials Technology (Element) has invested $1 million in a new laboratory in north western Saudi Arabia to provide civils and environmental testing for the NEOM new city project.  The project will create a futuristic destination and community incorporating smart city technology and entirely fuelled by renewable energy.
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Saudi's King Salman announces $10 million aid for Ukrainian refugees
Saudi's King Salman has announced urgent medical and shelter aid worth $10 million to Ukrainian refugees who have fled to neighbouring countries to flee the Russian invasion.
He has instructed the country’s humanitarian charity to do the necessary arrangements, local media reported.
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