The Leaders Development Institute (LDI) has signed a partnership agreement with NEOM — the joint stock company developing the NEOM economic zone — to promote sporting activities in the planned smart city, in accordance with the directives of Sports Minister Prince Abdul Aziz bin Turki Al-Faisal. 

LDI will act as sports adviser to NEOM and help it design and activate plans for sporting activities, which will be aimed at both eager amateurs and aspiring professionals. NEOM’s aim is to become “an international hub for sports” with cutting-edge facilities to host “the world’s biggest sporting events.”

Ruder Finn has been hired by Saudi Arabia to handle CSR and sustainability work for NEOM, the $500bn megacity that Crown Prince Mohammed bin Salman has planned for the country’s Northwest coast.

Ruder Finn won the one-year, $1.7m contract in a competitive review, and formally started working on the business in late May.  Teneo is among other agencies working on NEOM, which is part of the Crown Prince’s Vision 2030 reform program and plan to diversify the Saudi economy.

The enrollment in the course has begun following the success of the first phase of the "NEOM" Program for Internal Scholarships Ending with Employment that was launched in late January 2020, in cooperation with Fahd Bin Sultan University in Tabuk.

"NEOM" said that the applicants will be able to register and start studying for a bachelor’s degree in specializations that include Artificial Intelligence (AI) and Data Science and Analysis at Fahd Bin Sultan University, with the possibility of students who excel in their studies to be sent on scholarship abroad to complete their last academic year in an American university.

NEOM in cooperation with Misk Academy of Prince Mohammed bin Salman bin Abdulaziz Foundation (Misk) has launched the business skills program ' SPARK', which comes to support and encourage entrepreneurs, who want to develop their ideas to start their businesses, through providing them with needed skills and experience.

The program aims to increase the number of small and medium enterprises that contribute to improving and diversifying production sources in line with Saudi Vision 2030 to raise the percentage of contributing enterprises to the gross domestic product (GDP) and accelerate the economic transformation.

They will also have the opportunity to present their projects to the arbitration committee consisting of representatives from "NEOM", Misk Academy and Small and Medium Enterprises General Authority (Monshaat).

Making its debut in this year’s Power 100 list, Saudi Arabia gigaproject NEOM is being head up by chief executive officer Nadhmi Al-Nasr where Phase 1 of the futuristic development was completed in July 2019.

Since the completion of Phase 1 of the Public Investment Fund-backed project, Al-Nasr has ramped up activities across the $500bn development.

NEOM signed investment contracts with two leading national investors in Al-Tamimi Group & SATCO to build and operate a construction village to house 30,000 workers, and then expand the construction village to accommodate 100,000 residents.

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.

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.

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.