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.
Updates have been provided on the four main projects that make up the Saudi Arabian gigaproject NEOM with executives revealing they are all underway, but that flagship linear city the Line will take around 100 years to complete and populate.
NEOM has announced the successful closing of a landmark export credit agency (ECA) financing transaction, with Italy’s SACE, securing approximately USD 3 billion under a long-term multicurrency untied facility. The deal, which marks NEOM's first corporate ECA financing and the largest untied financing ever guaranteed by SACE, will support various projects across NEOM and is backed by a syndicate of nine prominent international banks – HSBC, Banco Bilbao Vizcaya Argentaria, Bank of China, Crédit Agricole CIB, Agricultural Bank of China, Citi, China Construction Bank, J.P. Morgan and Bank of America.
Thanks to His Royal Highness Crown Prince Mohammed bin Salman’s Saudi Vision 2030, which aims to put the country on the tourism map, the kingdom is home to some of the region’s most impressive developments and Saudi Arabian megaprojects are creating blockbuster headlines.
Tucked within Saudi Arabia’s Hejaz mountains, the Desert Rock Resort is a new eco-tourism development crafted by the Global Oppenheim Architecture practice, which worked closely with the Saudi developer Red Sea Global (RSG) as part of the Kingdom’s Red Sea Project. In homage to the ancient Nabataean civilization, the architecture of the resort sinks into its rugged surrounding, almost camouflaged, nurturing a timeless appreciation for nature.
Dennis Hickey, Chief Development Officer of NEOM, provided a detailed update on the progress of the Saudi mega-project during a presentation at NEOM House in Davos, Switzerland. Particular attention was given to THE LINE, a 170-km-long, 500-m-high linear city designed to redefine urban living.
NEOM and the National Technology Development Program have launched a strategic partnership to advance the growth of the Web3 ecosystem in Saudi Arabia. Leveraging their combined strengths and resources, the collaboration will establish comprehensive accelerator programs designed to support selected startups with mentorship, funding opportunities and vital industry connections.
FIFA’s announcement last month that Saudi Arabia would host the 2034 World Cup may not have come as a surprise, as it became the sole contender after Australia pulled out of the race two years ago. But there were cheers all round in the kingdom, which sees the beautiful game strengthening its goal of becoming a global powerhouse. Saudia, the country’s flag carrier, celebrated by treating passengers on board more than 30 flights to special surprises as pilots shared the exciting news up in the air.
NEOM and the National Information Technology Development Program (NTDP) have announced a strategic partnership to foster the growth of the Web3 ecosystem in Saudi Arabia. The collaboration includes launching comprehensive accelerator programs to support qualified startups, leveraging the expertise and resources of both organizations.
NEOM, in partnership with the Asian Football Confederation (AFC), has today announced the publication of ‘Pioneering Change: Women’s Football in Saudi Arabia’, a report that shines a light on the current women’s football landscape in the Kingdom, the steps taken to grow the sport so far and a look ahead to future opportunities.
King Abdullah University of Science and Technology (KAUST) has launched a pioneering research study to revolutionize cement manufacturing processes, focusing on reducing and capturing carbon emissions.
Saudi Arabia's ENOWA, in collaboration with Hydrogen Refueling Solutions (HRS), has successfully launched the nation's first heavy-duty hydrogen refueling station at Petromin Corporation. Operational in just 12 weeks, the station has already dispensed nearly 500 kilograms of hydrogen, fueling vehicles at both 350 and 700 bar pressures, marking a milestone in the NEOM region's green hydrogen ambitions.
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