× SaudiGulf Projects – September 2025 Updates
November 11, 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.

Construction

BESIX Achieves Major Milestone at Port of NEOM in Oxagon

November 4, 2025 SaudiGulf Projects

​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 SaudiGulf Projects

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 SaudiGulf Projects

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 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, …

AI and Data Center

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 …

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Construction

Marriott Inks Agreement With Rua Al Madinah Holding Company to Open Eight Hotels in Saudi Arabia

March 21, 2023

Marriott International, Inc. announced that it has signed an agreement with Rua Al Madinah Holding Company to open eight hotels in the Holy City of …

Oil and Gas

Nass Scafform submits lowest bid of $16 million for BAPCO’s Insulation, Refractory & Fireproofing Services

April 29, 2020

Bahrain Petroleum Company (Bapco) announces the bid results for the project “Provision of Insulation, Refractory & Fireproofing Services”. A total of five bidders has submitted …

Finance

UAE’s AMEA Power announces a $75 million funding round from SoftBank Group

July 10, 2023

AMEA Power, UAE announced in a statement that it has signed a $75 million equity funding round from SoftBank Group Corp. (“SBG”), a Japanese investment …

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