NEOM Directory & News Room

All the latest news and suppliers from the $500bn mega-city in the desert

Why the Saudi PIF’s latest investments support their strategic goals for Vision 2030

Until March 31 the Saudi Public Investment Fund (PIF) announced investments worth between $7 and $8bln

When the going gets tough the tough go shopping is an old saying that we have all used on occasion, especially the fairer sex. Nowhere is that truer than looking at the acquisitions of various sovereign wealth funds (SWF). All have looked at investment opportunities amid the dramatic decline of equity markets and economies due to the coronavirus crisis.

Other investments also make sense in light of Vision 2030. The PIF invested just over $2 billion in Carnival Cruises, Marriott International, Walt Disney, Live Nation Entertainment, Starbucks and Booking. com. These investments also have to be seen against the backdrop of Vision 2030 with its aim to develop tourism as a major contributor to the economy. Giga-projects like NEOM and Qiddiya require access to entertainment and hospitality expertise too.

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Saudi Neom project developers to get compensation over Covid-19

Real estate owners that are involved in Saudi Arabia’s Neom project will be financially compensated by the National Program for Community Development, reported Arab News.

The program, also known as “Tanmia” in Arabic, will compensate owners in Sharma, Qayal, Al-Khuraibah, Al-Asilah, Al-Sur, Bir Fahman, it stated.

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NEOM launches 1st technical diploma program

NEOM on Tuesday launched its first diploma program, which aims to improve the technical skills of more than 6,000 trainees in the next five years and to localize jobs in different sectors of NEOM. In the first year of the program, 1,000 students will receive training in tourism, hospitality and cybersecurity. Students will receive training in NEOM Academy, which was launched in January.

NEOM Director Nadhmi Al-Nasr said that empowering competent people is one of the objectives of NEOM.

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Simon Ainslie, Chief Operating Officer at NEOM explains the vision

Simon Ainslie is the Chief Operating Officer at NEOM. Here, he explains the inspiring vision for NEOM as an accelerator of human progress paving the way towards the New Future.

Driven by great minds and pioneers in a new space, NEOM is a home for people who dream big and want to be part of building a new model for sustainable living, working and prospering.

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NEOM plans stall due to COVID 19 fears

Saudi Arabia's construction of the £400billion futuristic megacity Neom has been delayed due to plunging oil prices and coronavirus fears hitting the land of billionaire princes.  The futuristic tech-hub was set to be completed in 2025 and be home to one million people, costing an estimated $500billion (£413billion). The complex of Moroccan-style opulent buildings and palaces is planned to include helipads, a marina and a golf course and be lit by a giant artificial moon.  But plummeting oil prices and a coronavirus-led economic slump forced the Saudi government to introduce austerity measures last week, putting Neom's future at risk, the Times reported.

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Beneath the glitzy veneer of NEOM lies a story of threats, forced eviction and bloodshed

“The future has a new home,” proclaims the website.

“It’s a virgin area that has a lot of beauty,” says the voice over a string section soundtrack as the promotional video tracks colour-tinted panoramic shots of picturesque desert expanses, and deep azure lagoons.  “Better humans, better society,” it boasts extravagantly.

The brainchild of Crown Prince Mohammed bin Salman, the new city state of Neom, named from a combination of the Greek word for “new” and the Arabic term for “future”, is intended to cover an area the size of Belgium at the far north of Saudi Arabia’s Red Sea coastline.

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May 2020 - Site Update

Hello to all of our new users. It's great to see you as interested in NEOM as we are!

We've been a bit busy travelling and meeting people over the last few months - and the Coronavirus really hasn't helped at all - so we hope to get the suppliers directory up and running very soon.

This is an independent project not connected to NEOM or KSA in any way. We just feel that it would be great to have a directory of companes who want to make NEOM a great success. 

Take a look at our example listings whilst we get things ready.

 

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NEOM becomes Principal Partner of Mercedes-Benz EQ Formula E Team

Now several race weekends into its debut season in the ABB FIA Formula E Championship, the Mercedes-Benz EQ Formula E Team is pleased to announce a new Principal Partner in the shape of NEOM.

This long-term agreement offers opportunities for knowledge transfer and for further education and training in the NEOM region in the northwest of Saudi Arabia. The development of young racing drivers is also a key element.  The agreement provides for selected candidates from Saudi Arabia to be given the opportunity to work closely with the racing team and further qualify as engineers and software developers.

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First batch of NEOM scholarship students to leave for US this week

The first batch of students under the “NEOM Scholarship Program ending in employment” will embark on their educational journey earlier this week.  The 15-member batch, including six girls, will set out to the United States, to pursue their studies in several specializations including tourism, hospitality, archeology and heritage.

They were picked from among more than 300 students who had applied for the first phase of the scholarship program. This is within the program launched by the NEOM Company, which has a plan to send 250 most talented male and female students from the local community over the coming five years.  NEOM Co. has chosen these students from the regions of NEOM, Duba and Haql through a registration and admission process that started in July 2019.

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