We like to keep up with news and events in NEOM, Saudi Arabia and the surrounding area. Here are some of the news sites we read regularly.
Abdulmohsen Alhokair Group for Tourism and Development (Alhokair Group) said it started providing catering services at a residential complex in NEOM, as per the timetable outlined in the award letter. The company is engaged in finalizing the site preparations and appointing qualified personnel, according to a statement to the Saudi Stock Exchange.
Over 100 contractors from around the world have gathered at Saudi Arabia’s NEOM to be briefed on the progress of construction works and future opportunities in the special economic zone. The companies joined a two-day forum as NEOM moves on to the next stage of its huge portfolio of projects that collectively are worth an estimated $500 billion.
NEOM’s workforce is poised to surpass 200,000 by 2025 as the Kingdom’s ambitious $500 billion-city enters its busiest development phase. This significant increase in labor – a 43 percent rise on the current level – marks a crucial milestone in the Vision 2030 initiative, underscoring the project’s pivotal role in reshaping the Saudi economy.
Here at NEOM Directory headquarters we've watched the NEOM project go from an idea on paper to holes in the ground and actual construction in a few short years. It's remarkable what has been planned and then started and we are proud to be documenting the progress and helping companies connect with each other.
Contractors Besix and Boskalis last year won a design and build lump sum contract worth SAR 3 billion (US$800 million) for the construction of 3km of quay walls at the Port of NEOM in Saudi Arabia.
Just a few short years ago, visitors to Saudi Arabia could never have imagined feasting on a plate of vegan tuna nigiri or a meatless shawarma. Thanks to new investments in agritech, these plant-based alternatives are now firmly on the menu.
Not everyone at EDF is comfortable with the NEOM project and EDF deal. A recent investigation by Radio France revealed that some staff considered it was out of synch with the company's ethical charter and commitments to promote low-carbon energy.
Saudi Arabia securing the Women’s Tennis Association’s season-ending tournament is the latest sign the kingdom is putting sports and entertainment at the heart of Crown Prince Mohammed bin Salman’s plan to transform his economy.
The man in charge of a showpiece project of Saudi Arabia’s plan to diversify its economy away from oil will bring a roadshow to Hong Kong inviting investors to back the ambitious development. Nadhmi Al-Nasr, the chief executive officer of NEOM – a US$500 billion futuristic megacity under construction on the country’s northwestern coast – is scheduled to host a half-day event on April 19 at the M+ in Hong Kong’s West Kowloon Cultural District.
The 650km-long railway network connecting Saudi Arabia to Kuwait is estimated to be completed by 2028. The network will shorten travel time to two hours. The railway will start from Al Shaddadiya in Kuwait and pass through Riyadh city, according to officials at the ministry of public works.
The UAE and Saudi Arabia made big jumps this year in an influential ranking of the world’s most desirable places for foreign investors to put their money. Kearney’s 2024 Foreign Direct Investment Confidence Index placed the UAE in eighth place globally and Saudi Arabia at No. 14, both rising 10 spots from 2023.
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