May 7, 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.

ACWA Power Announces the signing of $900m EPC contract for the NEOM Green Hydrogen Project

April 4, 2022 Mohammad S

ACWA Power Company announces the signing of the Limited Notice To Proceed (LNTP) Agreements in relation to the EPC Contract for the NEOM Green Hydrogen …

NEOM establishes region’s first Hydrogen and Innovation Development Center

April 1, 2022 Mohammad S

ENOWA, the energy, water and hydrogen subsidiary of NEOM, has established the region’s first Hydrogen and Innovation Development Center (HIDC). Located in NEOM’s advanced manufacturing and …

NEOM launches ENOWA, To accelerate the development of energy and water systems

March 22, 2022 Mohammad S

NEOM announced the launch of its subsidiary company ENOWA, which will lead the development of NEOM’s world-class, sustainable energy and water systems. Work to develop …

Saudi Arabia announces TROJENA, for mountain tourism in NEOM

March 3, 2022 Mohammad S

His Royal Highness Mohammed bin Salman, Crown Prince and Chairman of the NEOM Company Board of Directors, announced today the establishment of TROJENA, the new …

Al Sharif & KEC JV awarded 380kV OHTL contract in NEOM

February 22, 2022 Mohammad S

Al Sharif (Saudi Arabia), KEC International (India) JV awarded the project, “Construction of 380kV overhead transmission line (OHTL) between NIC Circle Substation and Duba Green …

NEOM awards horticultural test facilities

February 20, 2022 Mohammad S

Van der Hoeven Horticultural Projects (Van der Hoeven), Netherlands announced in a statement that it has been awarded a design, build and operate contract by …

Parsons awarded Project Management Contract for OXAGON

February 1, 2022 Mohammad S

Parsons Corporation announced in a statement regarding its selection by NEOM Company to provide project management support in building OXAGON – a reimagined industrial city. …

Al Ojaimi awarded $68.4m NEOM 132/33kV Substation

January 6, 2022 Mohammad S

Saudi Electricity Company (SEC) awarded the project, Construction of two 132/33kV Substations in NEOM, Saudi Arabia. The Project has been awarded to Saudi based construction …

AlGihaz awarded $137.4m NEOM NIC Circle Substation

January 2, 2022 Mohammad S

Saudi Electricity Company (SEC) awarded the project, Construction of NIC Circle 380/132kV Substation. The Project location is in NEOM Saudi Arabia. The Project has been …

thyssenkrupp Signs Contract to Install Over 2GW Electrolysis Plant for Air Products in NEOM

December 13, 2021 Mohammad S

Air Products announced in a statement that it has awarded thyssenkrupp Uhde Chlorine Engineers a contract to supply a more than two-gigawatt (2 GW) electrolysis …

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