Giga-Projects

PIF drives ��Ƶ’s diversification agenda with bold moves in 2024

sarah.glubb — Mon, 30 Dec 2024 09:48:13 +0000

article author:

Mon, 2024-12-30 12:44

RIYADH: ��Ƶ’s Public Investment Fund continues to play a key role in the Kingdom’s economic transformation, leading efforts to diversify revenue streams and reduce reliance on oil.

With assets under management reaching $925 billion, PIF ranks among the world’s most influential sovereign wealth funds, driving investments in technology, infrastructure, sustainability, and culture throughout 2024.

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NEOM’s Oxagon leads the way in sustainable industrial revolution

shahrukh.jamshed — Sun, 29 Dec 2024 09:47:30 +0000

article author:

Reem Walid

Sun, 2024-12-29 12:39

RIYADH: Oxagon, the industrial cornerstone of NEOM, has solidified its position as a critical hub for logistics and manufacturing, perfectly aligned with ��Ƶ’s Vision 2030.

Through a blend of innovation, sustainability, and technological progress, Oxagon has become a global model for future industrial development. Spanning approximately 50 sq. km, it ranks among the largest floating industrial complexes worldwide and is on track to achieve 100 percent renewable energy use by 2030.

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Economic impact of New Murabba: Riyadh’s futuristic urban marvel

Sajjadkk — Sat, 14 Dec 2024 19:57:57 +0000

article author:

Reem Walid

Author:

Sat, 2024-12-14 22:48

RIYADH: Amid ��Ƶ’s bold quest to break free from its oil dependency, transformative giga-projects are emerging as game changers, paving the way for a vibrant, diversified economy.

One development that stands out is the New Murabba project, which is set to transform Riyadh by creating a new city district that acts as a portal to a whole new experience.

Launched in 2023 by Crown Prince Mohammed bin Salman, New Murabba will cover 19 sq. km., creating a dynamic new city area in the Kingdom’s capital.

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NEOM’s Topian launches pilot greenhouse for climate-resilient farming

ameen.syed — Thu, 05 Dec 2024 12:35:25 +0000

article author:

Reem Walid

Author:

Thu, 2024-12-05 15:33

RIYADH: NEOM’s food company, Topian, has unveiled its first high-tech greenhouse in Oxagon, the industrial hub along ��Ƶ’s Red Sea coast.

The four-hectare facility, located in Oxagon Innovation Bay, is designed to pilot sustainable and localized food production using advanced agricultural technologies, according to a press releasae.

The greenhouse is expected to produce nearly 4,000 tonnes of fruits and vegetables annually while developing AI-driven predictive models to optimize operations in similar environments.

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NEOM Green Hydrogen targets global market leadership: CEO

ameen.syed — Thu, 05 Dec 2024 06:55:27 +0000

article author:

Nadin Hassan

Nour El-Shaeri

Thu, 2024-12-05 09:51

RIYADH: NEOM Green Hydrogen Co., part of ��Ƶ’s futuristic city NEOM, is building a foundation for a transformative clean energy sector, aiming for global leadership rather than merely establishing the world’s largest production plant, said its CEO.

In an interview with Arab News on the sidelines of the Saudi Green Initiative Forum, Wesam Al-Ghamdi emphasized the project’s broader objectives, highlighting its alignment with ��Ƶ’s Vision 2030 and the country’s decarbonization and economic transformation goals.

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Saudi Crown Prince unveils National Red Sea Sustainability Strategy to drive blue economy

ameen.syed — Wed, 04 Dec 2024 06:41:16 +0000

article author:

SYED AMEEN KADER

and

NADIN HASSAN

Wed, 2024-12-04 09:33

RIYADH: Saudi Crown Prince Mohammed bin Salman has launched the National Red Sea Sustainability Strategy, an initiative aimed at safeguarding the marine environment, supporting local communities, and advancing the Kingdom’s transition to a blue economy.

The strategy is part of Saudi Vision 2030 and ties into national priorities for research, development, and innovation, particularly in environmental sustainability, the Saudi Press Agency reported.

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NEOM giga-project a ‘generational investment,’ Saudi minister says

owen.bennett — Tue, 26 Nov 2024 07:33:45 +0000

article author:

Reuters

Tue, 2024-11-26 10:27

RIYADH: ��Ƶ’s NEOM gigaproject, a futuristic region being built in the desert, is a “generational investment” with a long timeline, the country’s investment minister told Reuters on Monday, adding that foreign investment will pick up pace.

“NEOM was not meant to be a two-year investable opportunity. If anybody expected NEOM to be foreign investment in two, three or five years, then they have gotten (it) wrong — it’s a generational investment,” Minister Khalid Al-Falih said on the sidelines of the World Investment Conference in Riyadh.

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Saudi Investment Minister Khalid Al-Falih

Webuild reports no hiccup on NEOM activities after mega project CEO’s departure

owen.bennett — Wed, 20 Nov 2024 09:54:40 +0000

article author:

Reuters

Author:

Wed, 2024-11-20 12:51

LONDON: Italy’s construction group Webuild told Reuters on Tuesday its activities connected to ��Ƶ’s NEOM are continuing in line with the plan, after the infrastructure mega project’s long-time CEO left the role last week.

“Webuild has no evidence of changes in the activity plan initially set for the projects it is implementing, nor has it recorded any delay in payments,” the company said.

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NEOM board of directors announces leadership change

daniel.fountain — Tue, 12 Nov 2024 18:23:31 +0000

article author:

Arab News

Tue, 2024-11-12 21:16

NEOM: The NEOM Board of Directors on Tuesday announced the appointment of Aiman Al-Mudaifer as acting CEO of the company. Al-Mudaifer assumes leadership of NEOM, following Nadhmi Al-Nasr’s departure.

As NEOM enters a new phase of delivery, this new leadership will ensure operational continuity, agility and efficiency to match the overall vision and objectives of the project.

Al-Mudaifer takes the helm of the organization with the support of a strong leadership team across NEOM’s regions, sectors and departments.

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��Ƶ’s NEOM appoints 3 global partners to complete 1st phase of The Line

sarah.glubb — Mon, 11 Nov 2024 12:58:08 +0000

article author:

Nirmal Narayanan

Author:

Mon, 2024-11-11 15:50

RIYADH: ��Ƶ’s $500-billion megacity NEOM has appointed Delugan Meissl Associated Architects, Gensler, and Mott MacDonald to deliver the planning, designing, and engineering for the initial phase of The Line.

In a press statement, the giga-project revealed that DMAA has been enlisted as the urban designer, leading The Line’s concept and detailed blueprint.

The Austrian architecture firm will also collaborate with specialists across various sectors, such as microclimate and ecology, mobility and logistics, and sustainability.

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Qiddiya launches executive office to strengthen engagement with business partners

shahrukh.jamshed — Wed, 06 Nov 2024 09:19:50 +0000

article author:

Nirmal Narayanan

Author:

Wed, 2024-11-06 12:16

RIYADH: Qiddiya Investment Co., fully backed by ��Ƶ’s Public Investment Fund, has launched an executive office dedicated to overseeing destination marketing and management.

The new office, called “Spirit of Play,” represents the company’s first initiative to build strategic partnerships with businesses, investors, and professionals, according to the Saudi Press Agency.

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Sindalah showcases ��Ƶ’s investment potential, says commentator Ali Shihabi

romulo — Sun, 03 Nov 2024 21:11:15 +0000

article author:

Arab News

Mon, 2024-11-04 00:06

DUBAI: Sindalah Island, NEOM’s new luxury tourism destination under construction on ��Ƶ’s Red Sea coast, represents a critical milestone in the Kingdom’s economic transformation and proves many of its early doubters wrong, Saudi commentator Ali Shihabi has said.

Appearing on Arab News’ current affairs program “Frankly Speaking,” Shihabi highlighted the significance of Sindalah, saying its launch marked an important shift in global perceptions of the Kingdom as a holiday destination and as an investment opportunity.

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NEOM to set up $187m concrete factory to support THE LINE project

owen.bennett — Tue, 08 Oct 2024 11:30:00 +0000

article author:

Nour El-Shaeri

Tue, 2024-10-08 14:22

RIYADH: ��Ƶ’s upcoming linear city project THE LINE is set to benefit from a new ready-mix concrete factory valued at SR700 million ($186.7 million).

NEOM has partnered with Asas Al-Mohileb to develop and operate this facility, which will focus on producing sustainable concrete primarily for the construction of the smart city, which is designed to accommodate 9 million residents within a compact 34 sq. km footprint.

The multi-plant factory will have the capacity to produce over 20,000 cubic meters of green concrete daily.

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Hyatt unveils 2 new luxury hotels in ��Ƶ’s Jaumur, strengthening partnership with NEOM

owen.bennett — Mon, 30 Sep 2024 09:41:04 +0000

article author:

Sherouk Zakaria

Miguel Hadchity

Mon, 2024-09-30 12:35

DUBAI: Hotelier Hyatt has revealed plans to open two new establishments in Jaumur, a coastal destination in ��Ƶ’s Magna region, located along the Gulf of Aqaba.

According to a statement, this move marks a milestone for the firm, expanding its presence in the Kingdom and deepening its collaboration with NEOM.

The two hotels, set to open in 2027, will offer 350 rooms and suites, each designed to provide distinct, high-end experiences for guests.

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How NEOM Green Hydrogen Company is championing ��Ƶ’s clean energy transition

romulo — Sat, 28 Sep 2024 00:21:34 +0000

article author:

Haifa Alshammari

Fri, 2024-09-27 23:20

RIYADH: As global efforts to combat climate change intensify, ��Ƶ is making bold strides in green hydrogen production, positioning itself as a world leader in the manufacture and export of sustainable energy.

At the heart of this transformation is the NEOM Green Hydrogen Company, a key component of Vision 2030, the Kingdom’s blueprint for diversifying its economy away from oil and achieving sustainability.

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Giga-Projects

PIF drives ��������Ƶ’s diversification agenda with bold moves in 2024

NEOM’s Oxagon leads the way in sustainable industrial revolution

Economic impact of New Murabba: Riyadh’s futuristic urban marvel

NEOM’s Topian launches pilot greenhouse for climate-resilient farming

NEOM Green Hydrogen targets global market leadership: CEO

Saudi Crown Prince unveils National Red Sea Sustainability Strategy to drive blue economy

NEOM giga-project a ‘generational investment,’ Saudi minister says

Webuild reports no hiccup on NEOM activities after mega project CEO’s departure

NEOM board of directors announces leadership change

��������Ƶ’s NEOM appoints 3 global partners to complete 1st phase of The Line

Qiddiya launches executive office to strengthen engagement with business partners

Sindalah showcases ��������Ƶ’s investment potential, says commentator Ali Shihabi

NEOM to set up $187m concrete factory to support THE LINE project

Hyatt unveils 2 new luxury hotels in ��������Ƶ’s Jaumur, strengthening partnership with NEOM

How NEOM Green Hydrogen Company is championing ��������Ƶ’s clean energy transition

PIF drives ��Ƶ’s diversification agenda with bold moves in 2024

��Ƶ’s NEOM appoints 3 global partners to complete 1st phase of The Line

Sindalah showcases ��Ƶ’s investment potential, says commentator Ali Shihabi

Hyatt unveils 2 new luxury hotels in ��Ƶ’s Jaumur, strengthening partnership with NEOM

How NEOM Green Hydrogen Company is championing ��Ƶ’s clean energy transition