May 7, 2026
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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.

Construction

PIF Board of Directors Approves PIF 2026-2030 Strategy

April 15, 2026 Mohammad S
Next phase of PIF strategy sets out roadmap to 2030, as PIF continues to drive the economic transformation of Saudi Arabia Strategy focuses on maximizing …
Construction

NEOM Terminates $4.7 billion Trojena Mountain Destination Project

March 26, 2026 Mohammad S
Webuild, the main contractor for the Trojena announced that the client NEOM has exercised the termination for convenience regarding the construction in Trojena (Saudi Arabia) …
Construction

NEOM Tunnel Project Awarded to Samsung C&T–Hyundai E&C Consortium Terminated Following Project Restructuring

March 16, 2026 Mohammad S
The developer of NEOM has terminated a major tunnel construction contract valued at approximately USD 1 billion, originally awarded to a consortium led by Samsung …
NEOM

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 …
Construction

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 …
NEOM

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

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, …
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

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

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 …

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CITIC Middle East Awarded $490 million Construction Contract from Amaal Emirates

April 15, 2026
Amaal, the visionary Emirati-founded real estate developer, has appointed CITIC Middle East Contracting LLC as the main contractor for MANSORY Residences, the world’s first MANSORY-branded …
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McDermott Awarded $942 Million Contract to Boost UAE’s Nasr Field Production and Expand AI Capabilities

January 22, 2026
UAE’s ADNOC Offshore has awarded a major engineering, procurement and construction (EPC) contract valued at $942 million to McDermott International, Ltd, marking a significant step …
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Kuwait’s Combined Group awarded $124.5million Pipeline Support Services Contract

December 22, 2024
Combined Group Contracting (CGC) Co., Kuwait announced in a statement that it has received a letter of award for the contract, Piping and Pipeline Support Services. …
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