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.
A report issued by the Saudi-American Business Council revealed a significant increase in the activity of the Saudi construction sector during the year 2022; As the value of contracts returned to pre-pandemic levels; He explained that the value of contracts awarded during the last quarter of last year increased to 71.5 billion Saudi riyals ($19.1 billion), an increase of 37 percent over the comparative period of 2021.
Saudi Arabia is planning a major expansion of its hospitality sector, which will add up to 315,000 hotel rooms by 2030, according to reports by global property consultancy, Knight Frank. In its report, Knight Frank states that this growth will result in a hotel room inventory greater than the current 140,000 hotel rooms available in Dubai.
Saudi Arabia’s $500 billion giga-project NEOM has awarded a $2 billion contract for the construction of the Connector South rail line that will link its industrial city OXAGON with THE LINE development. A joint venture of Italy-based Webuild and Riyadh-headquartered Shibh Al-Jazira Contracting, known as Sajco, will undertake the transportation project.
The Saudi construction sector saw a massive increase last year as the value of awarded contracts returned to pre-pandemic levels. The total value of awarded contracts in 2022 hit SR192.4bn ($51.3bn), last year according to a report by the US-Saudi Business Council. Real estate was the biggest sector for construction spending, while NEOM was the region with the most investment.
NEOM has invited leading photographers to tour the region and capture the stunning environment of the Saudi megaproject. Ahead of opening to tourists in 2024, NEOM has partnered with Getty Images and Unsplash, the world’s largest providers of visual content, to create and distribute an extensive visual library showcasing its diverse and natural environment and giving the world a sneak peek into what they will discover in the years to come. Fourteen leading photographers from Getty and Unsplash were selected to be amongst the first to explore and capture the region’s diverse landscape.
Oracle's cloud region in Saudi Arabia's futuristic megacity NEOM will go live "soon", the chief information officer of the US technology major has said. The infrastructure is expected to further boost the status of the Middle East as a technology hub and support its economic growth.
Saudi Arabia’s $500 billion giga-project NEOM has awarded a $2 billion contract for the construction of the Connector South rail line that will link its industrial city OXAGON with THE LINE development. A joint venture of Italy-based Webuild and Riyadh-headquartered Shibh Al-Jazira Contracting, known as Sajco, will undertake the transportation project.
Korea is a strategic partner in "Saudi Arabia Vision 2030," a reform blueprint to reduce the Middle Eastern country’s dependence on oil, diversify its economy and develop public service sectors such as health, education, infrastructure, recreation and tourism.
The NEOM reserve has witnessed the birth of the first generation of young antelopes and ibex, which were released by the National Center for Wildlife Development during the previous season, the center announced.
This step comes within NEOM's efforts emanating from its vision to achieve sustainability and preserve the environment, as well as to become an unprecedented model in preserving wildlife at the regional level.
In November 2022, Saudi Arabia revealed a plan for a six-runway mega airport in Riyadh. King Salman International Airport will represent a new age for Saudi aviation. With nearly six months on from the revelation, here's a look at what to expect with the project. The new airport is just part of the puzzle involving a new generation of infrastructure across Saudi Arabia. Along with revamping Riyadh’s transport scene, a new megacity is being planned separately in the Tabuk Province in the northwest of the nation, backed by a new carrier in the form of NEOM Airlines.
NEOM hotels will start opening before the end of this year. The US$500bn giga-project seldom shares opening dates for its upcoming hotels, but the Hampton by Hilton NEOM will open by Q4 of this year.
The 201-key hotel would be built over an area of 8,200 sq m, Egypt-based Sabbour Consulting will design the property. Saudi Arabia has several similar hotels designed to put up business people visiting projects as they take shape. In 2022, AlUla Development Company (UDC) spent US$45 million on a 215-key Clarion Hotel, a well-known corporate hotel brand predominant in Nordic countries.
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