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.

NEOM

NEOM and Volocopter Establish JV to Create the World’s First Bespoke Public Evtol Mobility System

December 1, 2021 Mohammad S
NEOM, the smart and sustainable regional development in northwest Saudi Arabia and Volocopter, the pioneer of urban air mobility, have established a joint venture (JV) …
Construction

Saudi Arabia announces The Largest Floating Industrial Complex in The World

November 17, 2021 Mohammad S
His Royal Highness Mohammed bin Salman, Crown Prince and Chairman of the NEOM Company Board of Directors, announced the establishment of OXAGON, forming the next …
AI and Data Center

Solutions awarded $53.6m data centre contract in NEOM

October 24, 2021 Mohammad S
Arabian Internet and Telecommunication Company (Solutions) announced in a statement that it has awarded a contract to support establishing a modern data centre in NEOM. …
NEOM

ZWSE submits lowest bid of $66.4m for NEOM Substations

October 1, 2021 Mohammad S
Saudi Electricity Company (SEC) received bidders proposals for the Construction of two 132/33kV Substations in NEOM, Saudi Arabia. Fifteen bidders has submitted the proposals. Poland …
NEOM

CEPCO submits lowest bid of $68.1m for NEOM 132/33kV Substation

September 29, 2021 Mohammad S
Saudi Electricity Company (SEC) received bidders proposals for the Construction of two 132/33kV Substation in NEOM, Saudi Arabia. Fourteen bidders has submitted the proposals. Saudi …
NEOM

AlGihaz submits lowest bid of $137.4m for NEOM NIC Substation

September 8, 2021 Mohammad S
Saudi Electricity Company (SEC) announces the bid results for the project, Construction of NIC Circle 380/132kV Substation. The Project location is in NEOM Saudi Arabia. …
NEOM

AlGihaz submits lowest bid of $157.9m for NEOM Substation

September 6, 2021 Mohammad S
Saudi Electricity Company (SEC) announces the bid results for the project, Construction of NIC South 380/132/33kV Substation. The Project location is in NEOM, Saudi Arabia. …
NEOM

NEOM awards desalination project advisory services

August 25, 2021 Mohammad S
NEOM, Saudi Arabia appointed the advisory Services team for a planned desalination project to be built at the NEOM development in Saudi Arabia. The Planned …
Hydrogen

Baker Hughes to provide advanced technology for NEOM hydrogen project

June 10, 2021 Mohammad S
Baker Hughes announced in a statement that it has collaborated with Air Products to develop next generation hydrogen compression to lower the cost of production …
NEOM

SEC issued tenders for 380/132kV Substation and 380kV OHTL at NEOM

June 8, 2021 Mohammad S
Saudi Electricity Company (SEC) issued the tenders for Construction of 380/132kV Substation and associated 380kV Overhead transmission line (OHTL) at NEOM, western coast of Saudi …

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Archirodon awarded $173m Contract by ADNOC, UAE

June 17, 2022
Abu Dhabi National Oil Company (ADNOC) Onshore announced in a statement that it has awarded an EPC contract  to unlock further production capacity of Asab …
Power

SEC issued tenders for 403km of 380kV OHTL projects in Yanbu region

May 28, 2021
Saudi Electricity Company (SEC) issued tenders for Construction of 380kV Overhead transmission lines (OHTL) projects in Yanbu region, western province of Saudi Arabia. The total …
Construction

NESMA awarded $311m DGDA Contract in Riyadh

February 8, 2022
Diriyah Gate Development Authority (DGDA) announced in a statement that, one of its subsidiaries, Diriyah Development Company (DevCo), has awarded a SR1.2-billion ($311 million) contract …
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