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.
Well, we'd build our palace first. Got to have somewhere to stay.
New images have revealed a monstrous construction site set to host a lavish new palace, expected to cost hundreds of billions. Part of the wider NEOM megacity project, the Saudi Arabian palace is being created on land previously part of the desert on the Red Sea coast.
Saudi Arabia has positioned itself as a global tourism powerhouse following the launch of a new initiative, the Tourism Investment Enabler Program (TIEP), Saudi Arabia’s Minister of Tourism, His Excellency Ahmed Al-Khateeb, announced this week. The Kingdom reached a milestone of 100 million visitors by 2023, seven years ahead of an initial target and “Vision 2030” plans.
Baker Botts is providing critical legal support to Air Products in the development of the NEOM Green Hydrogen Project (NGHP) in Saudi Arabia, the world’s largest carbon-free hydrogen production plant. With a total investment of USD 8.4 billion, NGHP will produce green ammonia at scale, playing a central role in Saudi Arabia’s Vision 2030.
Saudi Arabia is positioning itself as a leader in the hydrogen economy, with significant investments in both green and blue versions of the fuel with the aim to generate half of the Kingdom’s electricity from renewable sources by 2030.
Saudi Arabia's Public Investment Fund has raised its target for assets under management by 2030 to $2.67 trillion, up nearly 43 per cent from its original target of $1.87 trillion, after exceeding its goal for last year.
The acting chief executive of Saudi Arabia’s NEOM has in recent weeks launched a “comprehensive review” of the scope and priority of projects within Crown Prince Mohammed bin Salman’s flagship scheme, two people familiar with the matter said.
NEOM Club is interested in signing Portuguese José Mourinho, the current head coach of Turkish Fenerbahçe. NEOM successfully promoted to the Roshan Saudi League before the end of the Yelo First Division with four rounds remaining. According to the Turkish newspaper "Sporx",
Akdeniz has opened in NEOM. Part of Lazure Hospitality’s portfolio, the new Turkish restaurant is located within the Royal Lazure Resort. The concept brings traditional Turkish cuisine to the region, offering a focused menu that highlights classic dishes including Manti, assorted meze, and handmade baklava. All menu items are prepared using locally sourced ingredients and traditional cooking methods.
NEOM Sports Club secured promotion to the Saudi Pro League for the first time as they beat Al-Arabi 3-0 on Tuesday.
Global development platform NEOM has kicked off the third cohort of its Level Up accelerator programme. NEOM said the scheme offers 12 months of support, including over 600 mentor hours per studio, funding, and access to a network of partners such as Sandsoft, Tamatem Games, and Kwalee.
Saudi Arabia is to officially appoint Aiman al-Mudaifer as the chief executive of NEOM, the $500 billion mega-project at the heart of the kingdom's drive to diversify away from oil, two sources familiar with the matter said on Tuesday. Mudaifer has been NEOM's acting CEO since November, succeeding Nadhmi al-Nasr, the long-time former chief of the Red Sea urban and industrial development project that is nearly the size of Belgium.
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