NEOM News Room

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.

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Marchetti Tech srl
Marchetti Tech srl
Manufacturer of high-tech paints for the protection of surfaces and…
Mike Fields Sculptures
Mike Fields Sculptures
High-end contemporary sculpture for residential and commercial properties.
JRC International
JRC International
Our firm offers services in architectural design, interior design,…
CIBTvisas
CIBTvisas
CIBTvisas supports the business community with their global entry…
Global Business Solutions Co LTD (GBS)
Global Business Solutions Co LTD (GBS)
NextGen Cyber Security Solutions, Cloud Solutions and Services, NextGen…
Wintercorn
Wintercorn
We are Joomla! and WordPress specialists with clients across the U.K.,…
MAKHATHEM INTERNATIONAL CO
MAKHATHEM INTERNATIONAL CO
ADGREENCOAT is a globally patented coating system which saves energy…
Solid Home Buildings
Solid Home Buildings
Solid home building is a contracting company was established in 2020.…
Hassan Al-Mahasnah
Hassan Al-Mahasnah
We would like to submit our Company profile for your kind attention and…
 Energy & Water
US2U Consulting
US2U Consulting
US2U Consulting offer a wide range of Consultancy services tailor made…

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Saudi Arabian government in waste management projects in 2023 is expected to drive demand for loaders, excavators, and dump trucks in the country. The government aims to eliminate 82% of waste generated by 2030. Therefore, government fund is also allocated for constructing new waste management facilities across the country in 2023.  Investment in renewable energy projects across the country in 2023 is expected to drive demand for mini excavators, cranes, and aerial platforms in the Saudi Arabia construction equipment market.

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Korea and Saudi Arabia signed two initial agreements on Tuesday for future mobility and roads, the transport ministry said, in the latest move to boost cooperation between the two countries.  The memorandums of understanding call for cooperation in the future of mobility and innovation in the transport and logistic services sectors as well as in the field of roads, according to the Ministry of Land, Infrastructure and Transport.

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A report issued by the Saudi-American Business Council revealed a significant increase in the activity of the Saudi construction sector during the year 2022; As the value of contracts returned to pre-pandemic levels; He explained that the value of contracts awarded during the last quarter of last year increased to 71.5 billion Saudi riyals ($19.1 billion), an increase of 37 percent over the comparative period of 2021.

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Saudi Arabia is planning a major expansion of its hospitality sector, which will add up to 315,000 hotel rooms by 2030, according to reports by global property consultancy, Knight Frank. In its report, Knight Frank states that this growth will result in a hotel room inventory greater than the current 140,000 hotel rooms available in Dubai.

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Saudi Arabia’s $500 billion giga-project NEOM has awarded a $2 billion contract for the construction of the Connector South rail line that will link its industrial city OXAGON with THE LINE development.   A joint venture of Italy-based Webuild and Riyadh-headquartered Shibh Al-Jazira Contracting, known as Sajco, will undertake the transportation project.   

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The Saudi construction sector saw a massive increase last year as the value of awarded contracts returned to pre-pandemic levels. The total value of awarded contracts in 2022 hit SR192.4bn ($51.3bn), last year according to a report by the US-Saudi Business Council. Real estate was the biggest sector for construction spending, while NEOM was the region with the most investment.

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NEOM has invited leading photographers to tour the region and capture the stunning environment of the Saudi megaproject. Ahead of opening to tourists in 2024, NEOM has partnered with Getty Images and Unsplash, the world’s largest providers of visual content, to create and distribute an extensive visual library showcasing its diverse and natural environment and giving the world a sneak peek into what they will discover in the years to come. Fourteen leading photographers from Getty and Unsplash were selected to be amongst the first to explore and capture the region’s diverse landscape.

Read Time: 2 mins

Saudi Arabia’s $500 billion giga-project NEOM has awarded a $2 billion contract for the construction of the Connector South rail line that will link its industrial city OXAGON with THE LINE development.   A joint venture of Italy-based Webuild and Riyadh-headquartered Shibh Al-Jazira Contracting, known as Sajco, will undertake the transportation project.   

Read Time: 1 min

The NEOM reserve has witnessed the birth of the first generation of young antelopes and ibex, which were released by the National Center for Wildlife Development during the previous season, the center announced.

This step comes within NEOM's efforts emanating from its vision to achieve sustainability and preserve the environment, as well as to become an unprecedented model in preserving wildlife at the regional level.

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