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.
OPEC’ member Saudi Arabia is planning to execute 10 new renewable energy projects as part of a strategy to boost reliance on solar and wind power and slash oil use in electricity generation, newspapers said on Sunday.
King Abdullah University of Science and Technology (KAUST), ENOWA, NEOM’s Energy & Water company, and the Saudi Electricity Company (SEC) are collaborating on a cryogenic carbon capture technology pilot project to capture 30 tonnes of carbon dioxide per day from SEC’s Green Duba Integrated Solar Combined Cycle (ISCC) power plant at NEOM.
Egypt-based Engineering Consultants Group (ECG) announced that it has been selected by Beijing Emirates International Construction Company (BEC Arabia) to design a multi-purpose hall project for Saudi giga project NEOM.
The design-build project will occupy a plot with a total area of 21,143 square metres (sqm) in the southwest part of the NEOM site and will have a total Built-up Area (BUA) of 2,686 sqm, ECG said in a statement.
Egypt-based Sabbour Consulting announced on Tuesday that it has been awarded full design services contract for a Hilton hotel in the Saudi giga project NEOM.
NEOM’s first luxury island destination Sindalah will play host to superyachts and top-end apartments, Crown Prince Mohammed bin Salman revealed as he announced the latest project set to boost Saudi Arabia’s tourism industry. A main gateway to the Red Sea offering bespoke nautical experiences, Sindalah is expected to start welcoming guests to enjoy its exquisite facilities and exclusive offerings in early 2024. The development will likely create 3,500 jobs in the tourism sector and hospitality and leisure services.
NEOM is facing no difficulties or obstacles in materializing THE LINE, the 170-kilometer smart city, as Saudi Arabia is determined to make it a reality, according to a top official. According to Fitzhardinge, the 2029 Asian winter games at TROJENA will showcase how NEOM will use innovation to carry out the event in a meticulous manner.
KT, Korea’s leading telecom and IT service provider, and real estate start-up zigbang have joined the contest to get contracts from Saudi Arabia’s NEOM city project, following Naver and a lot of tech players from across the globe. It is too early to name frontrunners or even a full list of contenders for the mega-scale urban redevelopment project, given that official bidding for its IT infrastructure has not begun.
Idom, a leading Spanish multi-national group providing consulting, engineering and architecture services, said it has been awarded a key contract by NEOM, the developer of a mega futuristic city in Saudi Arabia, for a new water mobility paradigm. As per the deal, Idom will collaborate with NEOM on the design of a waterborne transport network featuring a zero-emission fleet.
Saudi Arabia’s sovereign wealth fund has secured a $17bn loan to help finance its push into the megaprojects that it hopes will diversify the kingdom’s economy from oil revenues. The seven-year senior unsecured loan was provided by a syndicate of 25 financial institutions in Europe, the US, the Middle East and Asia, the Public Investment Fund said on Wednesday. An earlier $11bn loan for five years that was arranged in 2018 will be paid off early, it said.
Sweden-based industrial solutions company Alfa Laval announced on Monday that it has been awarded a contract to deliver compact heat exchangers to the world’s largest green hydrogen plant under construction in Saudi Arabia. The facility, powered by renewable energy, is being developed by a joint venture of ACWA Power, NEOM and Air Products, and will produce 650 tonnes per day of green hydrogen when it starts operations in 2026, according to past reports by Zawya Projects and others.
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