Egypt is examining broader opportunities for its petroleum and engineering companies to participate in Saudi Arabia’s NEOM project, following an official visit by Minister of Petroleum and Mineral Resources Karim Badawi to the Kingdom, as per a statement by the Egyptian Ministry of Petroleum and Mineral Resources.

The construction team developing the TROJENA dams for Saudi Arabia’s NEOM development has surpassed a major engineering milestone: 1 million cubic meters of roller compacted concrete (RCC) placed to date. The figure marks roughly 25% of the total RCC required for the project’s main and secondary dams, according to project personnel. The milestone was achieved in approximately 18 months of continuous progress.

Saudi Arabia’s Public Investment Fund (PIF) — the massive sovereign wealth fund driving many of the kingdom’s biggest economic ambitions — is under renewed scrutiny following its role in a $55 billion takeover of Electronic Arts (EA). The acquisition, carried out alongside Silver Lake and Jared Kushner’s Affinity Partners, is expected to close in early 2027. But behind the headline-making deal, fresh reports indicate the PIF may be grappling with significant financial strain.

The first components of Aquafarm Equipment's closed containment system are already in Saudi Arabia. The Norwegian aquaculture technology supplier unloaded them last week at the Port of NEOM, the city and economic-technological area that the Middle Eastern country is promoting in the kingdom's northwest to support the diversification of its economy and offer sustainable urban solutions.

Experiencing concepts take shape into reality is a special feeling, and that’s what we are seeing with NEOM. The futuristic Saudi Arabian city is hitting another milestone: 600 tons of equipment on-site, 4 gigawatts of renewable energy coming online, and $8.4 billion in investment to keep the momentum going. As NEOM hits the 80% complete mark, the ambitious plan has nearly materialized.

Amassive construction site has emerged in the southwest of Saudi Arabia—so large it can now be seen from space. Satellite images clearly reveal the outlines of the future OXAGON megacity, one of the most ambitious projects of our time. This port city, according to the initiators’ plans, is set to become the world’s largest floating urban center, surpassing even such metropolises as New York in size.

NEOM's OXAGON has announced a significant land lease agreement with Abdullah Hashim Industrial Gases & Equipment Co. Ltd (AHG). This collaboration involves a SAR600 million investment to establish an advanced industrial gases production and distribution facility in OXAGON’s Industrial Quarter. The project will unfold in phases, with the first phase set to begin construction in February 2026 and operations expected by late 2026.