NEOM News Room

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.

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Wintercorn
Wintercorn
We are Joomla! and WordPress specialists with clients across the U.K.,…
Isam Kabbani & Partners Co. (UNITECH)
Isam Kabbani & Partners Co. (UNITECH)
UNITECH is a proud Saudi company providing building and construction…
Global Business Solutions Co LTD (GBS)
Global Business Solutions Co LTD (GBS)
NextGen Cyber Security Solutions, Cloud Solutions and Services, NextGen…
JAB Constructions Co.
JAB Constructions Co.
JABCO has been operating in the Eastern Province, Kingdom of Saudi…
Proximity Automation Inc
Proximity Automation Inc
We are specialized in the supply of equipment and spare parts for oil…
 Energy & Water
CIBTvisas
CIBTvisas
CIBTvisas supports the business community with their global entry…
US2U Consulting
US2U Consulting
US2U Consulting offer a wide range of Consultancy services tailor made…
Makan.Design
Makan.Design
One-stop-shop interior design and renovation platform aiming to…
Mike Fields Sculptures
Mike Fields Sculptures
High-end contemporary sculpture for residential and commercial properties.
Solid Home Buildings
Solid Home Buildings
Solid home building is a contracting company was established in 2020.…

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Cranes line new promenades leading towards the Grand Mosque, where swathes of older neighbourhoods have been cleared to make way for high-rise hotels and mixed-use towers designed to serve growing numbers of pilgrims. Developers and advisers say international interest has intensified since regulatory changes allowed foreign investment in listed companies owning real estate in Mecca and Medina, cities previously closed to non-Saudi capital because of religious restrictions.

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The changes come as Saudi has scaled back some Vision 2030 projects and is accelerating efforts to attract foreign direct investment. SHARE Saudi Arabia replaced more than 40 senior government officials and named a new deputy tourism minister, in a broad reshuffle Thursday.

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Saudi Arabia plans to release an amended Vision 2030 programme, signalling that the kingdom is officially moving away from grandiose megaprojects towards traditional industry, where it hopes to gain a competitive advantage. Saudi Arabia’s finance minister, Mohammed al-Jadaan, told Bloomberg on Monday that the country wants to communicate its updated strategy.

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There has been a lot of architecture news coming out of Saudi Arabia recently, little of which has been good. Now the jewel in the crown of the desert kingdom's ongoing transformation, the Line, appears to be facing a major rethink.

The original concept for the Line was simply incredible and would have consisted of a supertall skyscraper structure stretching 170 km (105 miles) across some of the world's harshest desert terrain to create a futuristic city. The scale of such a project is unprecedented in the modern era and would be up there with the pyramids of Giza and the Great Wall of China in terms of ambition.

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KSA’s NEOM Green Hydrogen Company (NGHC) has achieved financial close with 23 local, regional, and international banks and financial institutions for its USD 8.4 bn green hydrogen facility, according to a statement. The ambitious project — said to be the world’s largest green hydrogen production facility — will see some USD 6.1 bn provided in non-recourse financing by the banks and investment firms, it said. NGHC is a joint venture between NEOM, Acwa Power, and US-based gas supplier Air Products.

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Saudi Arabia has suspended planned construction of a colossal cube-shaped skyscraper at the center of a downtown development in Riyadh while it reassesses the project's financing and feasibility, four people familiar with the matter said. The Mukaab, at the center of Riyadh's New Murabba development, is the latest fantastical gigaproject linked to Saudi's Vision 2030 to be curtailed or delayed as the kingdom's $925 billion sovereign wealth fund scales back ambitions to manage costs and prioritize spending.
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A new Memorandum of Understanding (MoU) has been signed between Savvy Games Group and NEOM to streamline the journey of Saudi gaming startups from incubation to acceleration. This joint initiative aims to strengthen the Kingdom’s end-to-end gaming ecosystem and advance the goals of the National Gaming and Esports Strategy under Saudi Vision 2030.

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Saudi Arabia’s NEOM development sets new standards for procurement and materials handling through logistics partnerships with Vinci, ACS and WeBuild Saudi Arabia's NEOM development is reshaping supply chain management on an unprecedented scale, with a US$10bn logistics joint venture setting new standards for procurement and materials handling in mega-construction projects.

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Unnamed sources cited by report in Financial Times point to natural advantages of goegraphical position, sea water for cooling, renewable energy and opportunity to attract investment Saudi Arabia will scale back its hugely ambitious NEOM megaproject to create a new livable region in the desert in the northwest of the country, on the Red Sea coast. The project was announced in  2017 by Crown Prince Mohammad Bin Salman and was a cornerstone of his Vision 2030. It was to cover about 26,500 square km, roughly the size of Belgium.

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