January 31, 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.

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Projects awarded during May 2023 in Gulf Countries

June 12, 2023 Mohammad S

Following are the major projects awarded during the month of May 2023 across Gulf countries. The projects covers the Power, Water, Construction, Petrochemical, Transport and …

GE Grid Solutions awarded 380kV GIS Contract for the NEOM’s Green Hydrogen Plant

June 8, 2023 Mohammad S

Grid Solutions, an integral part of the GE Vernova portfolio of energy businesses, was awarded a contract by Larsen & Toubro to supply 380 kV …

IGY Marinas partners with NEOM’s Sindalah

June 7, 2023 Mohammad S

IGY Marinas announced that it is partnering with NEOM, the global development taking shape in northwest Saudi Arabia, to develop and operate the prestigious marina …

Alfanar to invests SAR 10bn in NEOM’s Residential Communities Project

June 6, 2023 Mohammad S

Alfanar announced in a statement that the company will invests SAR 10 billion in NEOM’s residential communities built using sustainable modular construction methods. As part …

Envision Energy awarded 1.67 GW Wind Turbine Contract for NEOM Green Hydrogen Project

June 6, 2023 Mohammad S

Envision Energy, announced that it has signed a contract to supply 1.67 GW wind turbines for NEOM Green Hydrogen Company, the world’s largest utility-scale hydrogen …

NEOM awards SAR 21bn Residential Communities Project

June 6, 2023 Mohammad S

NEOM has announced that it has finalized contracts with investors for the first phase of its residential communities’ expansion, a social infrastructure project that will …

LBS Through its JV LBPKSA Announces Power Generation Contract in NEOM

June 6, 2023 Mohammad S

Louis Berger Services (LBS) through its joint venture of LBPKSA, recently began a power generation contract using Cummins generator technology to help support construction of …

L&T announces major milestone for its $2.7bn Project at NEOM

June 1, 2023 Mohammad S

The Power Transmission & Distribution Business of Larsen & Toubro has achieved important milestones for the Power Elements and Grid packages of the world’s largest …

Jacobs awarded Lead Design Consultant Contract for Port of NEOM

May 31, 2023 Mohammad S

Jacobs announced in a statement that it been selected as lead design consultant on the project, Port of NEOM. Jacobs will work alongside subconsultants Moffatt …

Hitachi Energy awarded NEOM’s First HVDC Project

May 30, 2023 Mohammad S

Hitachi Energy, a global technology leader advancing a sustainable energy future for all, has signed agreements under the supervision and management of the Ministry of …

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