January 31, 2026

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.

Oxagon and AHG Signs SAR 600 million Land Lease Agreement

November 16, 2025 Mohammad S

Oxagon, the reimagined industrial city of NEOM, has announced the signing of a land lease agreement between NEOM and Abdullah Hashim Industrial Gases & Equipment …

BESIX Achieves Major Milestone at Port of NEOM in Oxagon

November 4, 2025 Mohammad S

BESIX announced that it has successfully completed the marine infrastructure package at Port of NEOM, located in Oxagon on the Red Sea coast in northwest …

Western Auto deliver 1000th Ashok Leyland bus to NEOM

July 15, 2025 Mohammad S

Western Auto, a pioneer in automotive solutions in Saudi Arabia under the Al Ghurair Mobility sector, has officially delivered the 1000th Ashok Leyland bus to …

NEOM: Voluntary Carbon Market, Enowa Sign Agreement to Deliver Over 30 Million Tons of Carbon Credits

June 20, 2025 Mohammad S

The Voluntary Carbon Market Company (VCM), a carbon credit company established by PIF and Saudi Tadawul Group, and Enowa, the energy and water subsidiary of NEOM, …

Port of NEOM announces Major Milestone

June 13, 2025 Mohammad S

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

May 9, 2025 Mohammad S

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 and ENGIE Join Forces to Advance Desalination Brine Valorization Solutions

May 5, 2025 Mohammad S

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 …

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

March 3, 2025 Mohammad S

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, DataVolt Signs $5 billion Investment Agreement

February 11, 2025 Mohammad S

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 Secures $3 billion Financing

January 28, 2025 Mohammad S

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 …

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