June 15, 2025
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HomeNEOM

NEOM

Latest NEOM Project News and Updates – Saudi Arabia Vision 2030

NEOM is Saudi Arabia’s flagship giga-project under Vision 2030, designed to revolutionize urban living and sustainable development.

Located in the Tabuk Province, NEOM will encompass smart cities, industrial zones, renewable energy hubs, and tourism destinations like THE LINE, OXAGON, TROJENA, and Sindalah Island.

This page features the latest updates on NEOM’s infrastructure contracts, tender announcements, construction milestones, investment partnerships, and regulatory changes. Stay informed on the companies shaping NEOM—from global consultants to regional contractors—and follow each sector’s progress, including transportation, utilities, and real estate development.

NEOM

Port of NEOM announces Major Milestone

June 13, 2025 SaudiGulf Projects

Port of NEOM, set to become an advanced and sustainable port,  announces that it has marked a major milestone with the arrival of the first …

NEOM

NEOM Investment Fund Partners with MemryX for Energy-Efficient Edge AI Computing

May 9, 2025 SaudiGulf Projects

NEOM Investment Fund (NIF) has announces a strategic investment in MemryX, a US-based leader in Edge AI semiconductor solutions. The partnership will accelerate the development …

NEOM

NEOM and ENGIE Join Forces to Advance Desalination Brine Valorization Solutions

May 5, 2025 SaudiGulf Projects

ENGIE, a global leader in low-carbon energy and services, are collaborating with NEOM, the sustainable region in northwest Saudi Arabia, on advancing solutions for desalination …

Construction

Hassan Allam’s subsidiary awarded Roads and Paving Works of the Port of NEOM

March 3, 2025 SaudiGulf Projects

Hassan Allam Holding announces that its subsidiary, Hassan Allam Roads & Bridges, has been awarded the Roads and Paving Works of the Port of NEOM, …

NEOM

NEOM, DataVolt Signs $5 billion Investment Agreement

February 11, 2025 SaudiGulf Projects

NEOM, the sustainable region taking shape in northwest Saudi Arabia, and DataVolt, a Saudi-based international developer, investor and operator of data centers, signed a landmark …

NEOM

NEOM Secures $3 billion Financing

January 28, 2025 SaudiGulf Projects

NEOM has announced the successful closing of a landmark export credit agency (ECA) financing transaction, with Italy’s SACE, securing approximately USD 3 billion under a …

NEOM

NEOM signs agreement with Samsung C&T for Deployment of Rebar Construction Automation Technology

December 19, 2024 SaudiGulf Projects

NEOM, the sustainable development taking shape in the northwest of the Kingdom, has signed a joint venture (JV) agreement with Samsung C&T Corporation, to unlock …

NEOM

NEOM: CarbonCure Joins Forces with Abdin and Gulf Cryo for Groundbreaking Carbon Capture and Utilization Project

December 3, 2024 SaudiGulf Projects

Convened by the Saudi Ministry of Energy, CarbonCure Technologies, Abdullah Abdin and Gulf Cryo have announced new agreements to integrate carbon capture and utilization technologies …

NEOM

NEOM appoints lead Consultants for city planning of THE LINE’s Phase One

November 11, 2024 SaudiGulf Projects

NEOM, the sustainable region taking shape in northwest Saudi Arabia, has announced the appointment of world-leading partners to deliver the core city planning, design and …

NEOM

NEOM announces the opening of Sindalah

October 27, 2024 SaudiGulf Projects

Sindalah, the luxury island destination and first physical showcase of NEOM, has been unveiled by the NEOM Board of Directors. First announced by His Royal …

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