- Farah - News Editor
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NEOM Green Hydrogen Project in Saudi Arabia has reached an 80% construction completion across all sites, the US-based industrial gases company Air Products said.
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.
NEOM Green Hydrogen Project in Saudi Arabia has reached an 80% construction completion across all sites, the US-based industrial gases company Air Products said.
As part of its ambition to become an ‘advanced and sustainable port’, the Port of NEOM in Saudi Arabia has welcomed the arrival of the country’s first automated remote-controlled ship-to-shore (STS) and electric rubber-tyred gantry (eRTG) cranes.
Swvl Holdings Corp a global provider of tech-enabled transport solutions with a current market capitalization of $44.54 million, has announced a three-year contract renewal worth around $4 million, expected to surpass $5.2 million by its conclusion. According to InvestingPro data, while the company holds more cash than debt on its balance sheet, it faces profitability challenges with negative EBITDA of $8.62 million in the last twelve months.
Saudi Arabia’s first-ever ski resort project is advancing in the desert mountains of NEOM, where developers have now completed excavation of a key tunnel linking future guests to the resort’s centerpiece lake. The milestone was announced this week as part of ongoing construction updates from TROJENA, a high-altitude region within the larger NEOM megaproject, a $500 billion-plus futuristic urban development backed by the Saudi government and the country’s sovereign wealth fund.
The link will span the Strait of Tiran through either a bridge or tunnel. Officials confirmed that technical planning is complete, and implementation will begin soon, fulfilling a vision first introduced by King Salman in 2016.
Although it was originally unveiled by Saudi Arabia’s King Salman in 2016, the bridge is expected to cost around $4 billion, fully financed by the Kingdom and would link Saudi Arabia's Ras Hamid with Egypt's Sharm El-Sheikh, spanning the Strait of Tiran.
Saudi Arabia is ambitiously pursuing the development of several futuristic cities as part of its Vision 2030 strategy, which aims to diversify the economy and position the country as a global leader in innovation and technology. Among these groundbreaking projects, NEOM stands out as a megacity, envisioned to be a hub of advanced technology and sustainable living.
They probably won't.
Saudi Arabia has denied reports that it would lift its long-standing alcohol ban when it hosts the World Cup in 2034. A Saudi official said on Monday that no alcohol would be sold at the tournament in line with existing law. Several media outlets cited unnamed government sources as saying that beer and wine could be available at licensed venues, including luxury hotels, five-star resorts, and major tourist developments.
Saudi Arabia will begin permitting the sale and limited consumption of alcohol in 2026 under a tightly regulated licensing system, as part of its preparations to host major international events, including Expo 2030 and the FIFA World Cup in 2034, Saudi media reported. An alcohol ban has been in place in Saudi Arabia since 1952, prohibiting both citizens and foreigners from consuming alcoholic beverages.
British content creator and social influencer John bin London has said he is amazed at the resilience of Saudi Arabia and its people and believes nothing will stop the Kingdom’s success. Bin London, a native of Nottingham, England, who grew up in Abu Dhabi, was the first guest on the seventh season of The Mayman Show. He expressed his admiration of the Saudi people and the Kingdom’s rapid transformation.
Tourism is a critical part of Saudi Arabia’s Vision 2030 diversification initiative, but far from solely relying on its rich heritage to attract visitors, the Kingdom is utilising pioneering technology to bring the past to life and help deliver an economy for the future.
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