March 22, 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

Saudi BAUER awarded NEOM’s foundation works contracts

December 21, 2022 Mohammad S
Saudi BAUER Foundation Contractors Ltd, a company of the BAUER Group, was awarded a contract in August for the first specialist foundation engineering project. This …
Construction

NEOM’s OXAGON, Ministry of Industry, MODON signs MOU for Future Factories Program

December 17, 2022 Mohammad S
Saudi Arabia’s Ministry of Industry and Mineral Resources, under the guidance of His Excellency Bandar bin Ibrahim AlKhorayef, Minister for Industry and Mineral Resources, and …
NEOM

Sungrow and ACWA Power Signed MOU for 536MW Energy Storage System for NEOM

December 13, 2022 Mohammad S
Sungrow, the global leading inverter and energy storage system solution supplier, and ACWA Power, leading Saudi developer, investor and operator of power generation, water desalination …
Construction

Egypt’s ECG to design NEOM Mountains Access Road – Package 3

December 9, 2022 Mohammad S
Egypt-based Engineering Consultants Group (ECG) announced that it has been awarded the detailed design and IFC services for the NEOM Mountains Access Roads in NEOM. …
Construction

NEOM’s TROJENA awards PMC Services Contract to Bechtel

December 5, 2022 Mohammad S
Bechtel announced in a statement that it has been appointed as the Project Management Consultant for TROJENA, a year-round mountain destination in the NEOM region …
Construction

NEOM’s first luxury island destination “Sindalah” launched

December 5, 2022 Mohammad S
His Royal Highness Mohammed bin Salman, Crown Prince, Prime Minister and Chairman of the NEOM Company Board of Directors, has announced the development of Sindalah, …
Construction

Engineering Consultants Group awarded design of NEOM Container Activation Terminal buildings

December 4, 2022 Mohammad S
Engineering Consultants Group (ECG) announced in a statement that it has been awarded the design of NEOM Container Activation Terminal buildings in Zone C located …
NEOM

NEOM collaborates with IDOM for development of new water mobility paradigm

December 1, 2022 Mohammad S
IDOM announced in a statement that it has supporting NEOM in the development of the new water mobility paradigm, by designing a transport network using …
NEOM

NEOM’s ENOWA awards Worley framework agreement for water projects

November 28, 2022 Mohammad S
Worley announced in a statement that, ENOWA, NEOM’s Energy & Water subsidiary, has awarded Worley a Framework Bridging Agreement for services in the Kingdom of …
NEOM

NEOM invests $175m in Volocopter to Accelerate Electric Urban Air Mobility

November 3, 2022 Mohammad S
NEOM, the smart and sustainable regional development in northwest Saudi Arabia, has announced a USD 175 million Series E investment in Volocopter, the pioneer of …

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Al-Futtaim Contracting and Hyundai Elevator Sign Exclusive Partnership to Elevate Vertical Transportation Across Saudi Arabia

September 9, 2025
Al-Futtaim Contracting, a fully integrated, end-to-end specialist division of Al-Futtaim Real Estate operating across the UAE, Saudi Arabia, Qatar, and Egypt, has been delivering innovative …
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