Tag: NEOM

Contractors gearing up bids for NEOM’s 60km corridor to OXAGON

RIYADH: Contractors from across the world are gearing up to submit bids for NEOM’s 60 kilometer corridor that connects The Line with the project’s industrial city OXAGON, according to MEED.  The last date for bid submission is Sept 11.  According to the MEED report, some of the prospective bidders for the project include Spain’s Acciona,… Continue reading Contractors gearing up bids for NEOM’s 60km corridor to OXAGON

Unemployment rate decreases to 11% in Q4 of 2021: Al-Jadaan

The unemployment rate in Saudi Arabia has decreased to 11% in Q4 of 2021, thanks to the direction and follow-up of Crown Prince Mohammed Bin Salman, Minister of Finance Mohammed Al-Jadaan said. Al-Jadaan stressed, during a statement on the occasion of Eid Al-Fitr, that the Saudi government continues to achieve a consecutive series of successes… Continue reading Unemployment rate decreases to 11% in Q4 of 2021: Al-Jadaan

Element opens $1m KSA laboratory to support Neom project

Global inspection specialist, Element Materials Technology (Element) has invested $1 million in a new laboratory in north western Saudi Arabia to provide civils and environmental testing for the Neom new city project.    The project will create a futuristic destination and community incorporating smart city technology and entirely fuelled by renewable energy.   Element’s Neom… Continue reading Element opens $1m KSA laboratory to support Neom project

4000 MW Renewable Energy Project for NEOM to Come Up Near Jordan Border

The engineering, procurement and construction (EPC) contract for the renewable projects will be awarded in a single tranche. The Kingdom of Saudi Arabia is projecting NEOM city as a prospective leader in green hydrogen. The renewable energy projects that are being planned by Saudi Arabia to supply electricity to the green hydrogen based ammonia plant… Continue reading 4000 MW Renewable Energy Project for NEOM to Come Up Near Jordan Border

NEOM Meets with Business Community in the United States

NEOM has concluded a series of “Discover NEOM” events with investors and business partners in the United States as part of its ongoing efforts to highlight the project’s latest developments and explore investment opportunities, reported the Saudi Press Agency. CEO of NEOM, Nadhmi Al-Nasr said: “We came to the United States to explore the significant… Continue reading NEOM Meets with Business Community in the United States

NEOM pitches investment opportunities to more than 700 US business leaders

More than 700 US business, sustainability, and investment leaders attended a series of showcase events to highlight the development of NEOM, the $500 billion project owned by Saudi Arabia’s Public Investment Fund, according to the project’s CEO. The “Discover NEOM” events followed on from a similar exercise in London last year. NEOM’s CEO Nadhmi Al-Nasr… Continue reading NEOM pitches investment opportunities to more than 700 US business leaders

NEOM to invite firms to tender for high-speed rail packages

Saudi Arabia’s $500-billion gigaproject, NEOM, is expected to issue the request for qualification for contracts related to the high-speed rail scheme The Line project, Meed reported.  Within the next two months the future city that is currently in the development phase in Saudi Arabia, will issue the request, which will be handled in two packages; Package A and Package B.  Citing close… Continue reading NEOM to invite firms to tender for high-speed rail packages

NEOM Updates: Our experts are changing the future of food

Adopting limitless innovation to bring about plentiful supply for generations to come. Harnessing circular design, green energy and breakthrough technology to transcend the natural resources crunch. The future of food security tomorrow begins with the seeds of innovation today. Could you map out where food sits in the grand vision for NEOM and how integral… Continue reading NEOM Updates: Our experts are changing the future of food