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.
The initiative invites participants to explore new technologies and innovations needed by an additional billion people to drive growth in industries such as energy, food, and mobility. The competition aims to find ideas and ventures from various sectors that can help create cognitive cities, personalised solutions and make the best use of limited resources.
NEOM releases short film on construction progress of Saudi Arabia's four megacities. The recent video shows real-world footage of the large-scale construction across NEOM regions including THE LINE, TROJENA, Sindalah, and OXAGON. It is the first film in what will be an ongoing series showing progress at NEOM as the construction continues.
The budget has soared by 70% to $8.5bn for the NEOM green hydrogen mega-project that will tap massive green power capacity, a financial update from co-developer Air Products reveals. Inflation, spare parts, upfront fees for land and $1bn of interest on loans have all contributed to the $3.5bn budget increase, said the US industrial gases company, which is developing the project in the desert of northwest Saudi Arabia with partners ACWA Power, the Saudi renewables developer, and NEOM.
US consultancy Parsons has revealed additional details about the scope of its work for the 170-kilometre THE LINE at NEOM in Saudi Arabia. Parsons’ framework agreement for consultancy services on THE LINE includes project and construction management services for the design, procurement, construction, testing and commissioning of the project.
Saudi Arabia’s Ministry of Industry and Mineral Resources on Tuesday issued the first industrial license to NEOM Green Hydrogen Co. at OXAGON, the Saudi Press Agency reported. It is an equal joint venture between NEOM, ACWA Power, and Air Products.
The upscale contemporary Asian restaurant currently has one Middle East venue, situated in the Address Sky View Hotel in Dubai. Plans are reportedly in place to open its newest location in Saudi Arabia’s giga-project NEOM, a source has revealed to Arabian Business. The Dubai location is known for its iconic swing and its stunning views of the Burj Khalifa, whilst guests favour the Champagne Brunch, DJs, live entertainment, cocktail selection and Michelin-star food.
Acwa Power, which is developing a $5 billion green hydrogen-based ammonia production plant in Saudi Arabia’s smart city NEOM, plans to "replicate" the project elsewhere, a top executive said. “Huge capacities” of the fuel are required to meet an anticipated growth in demand, Andrea Lovato, global head of hydrogen at Acwa Power, told The National at the CEBC Annual Summit in Dubai on Tuesday.
NEOM, the global development taking shape in northwest Saudi Arabia, has signed a partnership with Othman Almulla, the first professional golfer from the Kingdom of Saudi Arabia. This highlights NEOM’s commitment to supporting Saudi talent as it endeavors to become an innovative hub for sport. Almulla will help NEOM’s ambition to promote active and healthy lifestyles within the community, in line with Saudi Vision 2030.
No, not that Peter Cook.
The UK architects’ designs for the linear desert metropolis known as THE LINE – the controverisal flagship project within the wider NEOM smart city development – are among those currently being displayed in the Saudi capital, Riyadh, until 29 April. Early visualisations show two parallel mirror-clad skyscrapers running through the desert, with high speed rail, gardens and walkways suspended between them.
Terra Drone said today it has raised $14 million in Series C funding from Wa’ed Ventures, the venture capital arm of Saudi Aramco, marking the VC firm’s first investment in Asia. The Japan-headquartered company, which builds drone software, hardware and uncrewed aircraft traffic management software, said the new capital brings its total raised to $97 million since its inception in 2016. It declined to comment on its post-money valuation. According to sources familiar with the situation, the startup was valued at more than $200 million in March last year when Terra Drone closed a $70 million Series B.
The NEOM McLaren Formula E Team is aiming to continue its strong start to the ABB FIA Formula E World Championship season at the Diriyah E-Prix this weekend.
In the season opener in Mexico City two weeks ago, Jake Hughes and René Rast took to the track for their first race for the newly formed NEOM McLaren Formula E Team, clinching 5th and 18th place respectively. This weekend, attention turns to the Diriyah E-Prix which, for the fourth successive year, is being staged as a double-header on January 27 and 28, racing around the historic UNESCO Heritage Site in Diriyah.
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