- Farah - News Editor
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Wataniya Insurance Co. has won an SR53.6 million ($14 million) deal to provide insurance coverage to NEOM’s tunnel infrastructure, one of the world’s largest transportation and infrastructure projects.
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.
Wataniya Insurance Co. has won an SR53.6 million ($14 million) deal to provide insurance coverage to NEOM’s tunnel infrastructure, one of the world’s largest transportation and infrastructure projects.
Indian media and entertainment giant Eros Media World is moving into the rapidly growing Saudi Arabia market, entering a strategic partnership with Riyadh-based content production company Arabia Pictures Group.
The pair will explore opportunities in the film, technology and Web3 spaces and eye investments in content production, including end-to-end production, line production, distribution and more. They will also seek to introduce new technologies that can further the growth of the media and entertainment sector in Saudi. Eros and APG are already in the advanced stages of testing movie archive digitization and virtual location scouting technologies.
Construction works have advanced on the first phase of the planned 300MW data centre projects being implemented by Saudi-headquartered Quantum Switch Tamasuk (QST) for the Ministry of Communications & Information Technology (MCIT). The project comprises six 50MW data centre facilities to be located in Riyadh, Dammam, Jeddah and NEOM.
THE LINE megaproject in NEOM, Saudi Arabia, will be the greatest real estate challenge undertaken by mankind, says one of the men turning the vision of a 170-kilometre long, 500-metre tall city into reality. Once completed, it will be the largest megastructure in the world — a futuristic, mirrored residential and business block that rises over an expanse of desert, pristine, emerald waters, rocky inlets and white beaches of the rugged Tabuk province.
Saudi Arabia’s free public exhibition in Jeddah about the Kingdom’s THE LINE project ended on August 14. The exhibition, which began on August 1 and closed onAugust 14, will also be staged in other Saudi cities, including in the Eastern Province and Riyadh, giving visitors the opportunity to see THE LINE “in all its glory.”
“When we talk about the changes in the Saudi market, we cannot do that without taking into consideration the one major turning point that impacted the core of our industry in KSA: Vision 2030,” says Mohammed Bhamishan, the chief creative officer at Publicis Communications KSA.
Saudi Arabia’s newest megaproject, THE LINE, created interest around the world when it was unveiled last month. Now, Saudis at home are being offered their first glimpse inside it at an exhibition in Jeddah. Makkah governor Prince Khalid Al Faisal said he planned to be the first to book accommodation in the megacity, in a clip of him touring the exhibition which has since gone viral.
The team at NEOM has already begun construction on Saudi Arabia‘s ‘zero-gravity’ city THE LINE. The group is reimagining how a city is built, and what sort of life is possible within its mirrored walls. The colossal scale of the proposal has never been seen and its concentrated proportions unheard-of. THE LINE is a rejection of the sprawling suburb and a hyper-exaggeration of the supertall skyscraper. Often referred to as a ‘groundscraper,’ the singular structure will stretch 170 kilometers — over one hundred miles — to house a city of nine million people.
Chinese contracting firm Powerchina has commenced piling works for the foundation of the super-tall towers in Saudi Arabia’s SR1.9tn ($500bn) NEOM development. The package awarded to Powerchina entails the drilling of cast-in-place piles with diameters of 1.5 and 2.5 metres, fabrication and installation of steel cages, and concrete pouring, excavation and chiseling of pile heads, and inspection of cast-in-place piles.
Saudi climbing enthusiasts in search of a “new high” have been gathering in the desert near NEOM to try out 100 new routes opened late last year as part of Rise 100, the Kingdom’s first climbing festival. The single-pitch routes have become a favorite destination for a fast-growing and tight-knit group of climbers and adventurers.
The Saudi crown prince, the second to the king, could be leading a delegation to South Korea in November for talks with the government and corporate officials with a focus on the ambitious desert megacity and nuclear reactor project.
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