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Neom

Neom is a planned mega development in the north west of Saudi Arabia. It is one of the kingdom's giga-projects and will include The Line, Trojena, Sindalah, Zardun, Aquellum and Epicon

An extension of Diriyah's Bujairi Terrace, a popular nightspot, will open in November

Diriyah giga-project to open first hotel in November

Diriyah, one of Saudi Arabia’s leading giga-projects, will finally open its first hotel in November along with other attractions and sites, its CEO said this week.  “This November we’ll open another few kilometres of parks, we’ll open our first Bab Samhan hotel, we’ll open our first museum which is the Diriyah Art Futures Museum, we’ll […]

Tourists visit the tombs of the Nabatean civilisation in AlUla. Saudi Arabia's goal is for tourism to make up 10 percent of GDP by 2030

Affluent tourists around the globe on Saudi Arabia’s radar

Saudi Arabia will invest more than $800 billion in its main giga-projects by the next decade as part of a tourism expansion strategy focused on affluent tourists in China, India and Europe.  The kingdom’s tourism minister Ahmed Al-Khateeb, speaking at the Qatar Investment Forum, said: “We’re building and investing in major destinations like Neom, Red […]

Jaumur Neom resort gulf of Aqaba

Neom announces superyacht resort on Gulf of Aqaba

Plans to build a high-end resort town on the Gulf of Aqaba aimed at the luxury yacht community have been announced by Neom, despite rising doubts about Saudi Arabia’s ability to maintain funding lines for the country’s giga-projects.  The new project, Jaumur, was described by Neom as an “exclusive residential community set around an inspiring […]

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Neom secures $2.7bn as minister admits ‘adjustments’

Saudi Arabia’s $500 billion giga-project Neom has secured new funding as the kingdom’s officials admit some of its Vision 2030 projects may have to be scaled back. The SAR10 billion ($2.7 billion) revolving credit facility, obtained from nine Saudi-listed banks, will support short-term financing requirements for projects such as Trojena, The Line, and Oxagon, Neom said […]

Clothing, Coat, Formal Wear Oliver Dowden UK business LONDON, UNITED KINGDOM - FEBRUARY 21, 2022: Minister without Portfolio and Co-Chairman of the Conservative Party Oliver Dowden leaves Downing Street in central London on February 21, 2022 in London, England. Ministers were expected to finalise the government's long-term plan on living with Covid in England including an end of the legal requirement to self-isolate after testing positive for the virus by the end of this week and scaling back the universal free testing. (Photo by WIktor Szymanowicz/NurPhoto)NO USE FRANCE

300 UK company chiefs to descend on Riyadh for expo

The UK is sending hundreds of business executives to a trade expo in Riyadh in May as part of a year-long drive to win contracts in Saudi Arabia, as the Gulf state seeks to increase foreign investment in its giga-projects.  “The Great Futures launch event in Riyadh on 14-15 May 2024 aims to bring to […]

More than 100 developers recently visited the key developments across Saudi Arabia's Neom giga-project

Neom increases workforce to get vision over the line

The pace of construction on Saudi Arabia’s $500 billion giga-project Neom is to accelerate, with the workforce rising by almost half by next year. The number of people employed in construction will increase from more than 140,000 to more than 200,000 in 2025, the developer said in a statement, after reports of construction workers being […]

Of potential buyers interested in living in the giga-project Neom, 42 percent said they would favour The Line

Neom and Jeddah offer appeal to expat buyers

Many expatriates in Saudi Arabia are interested in buying property in Neom and Jeddah Central and willing to spend over $1 million, a real estate survey showed this week. “When asked about which giga-project they would most like to buy a home to live in, Neom emerges as the clear favourite, followed by Jeddah Central […]

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Saudi giga-project designs to merge tradition and futurism

Saudi Arabia wants to ensure that the futurism of its giga-projects does not smother the diversity of its local architecture, according to the head of the government’s Architecture and Design Commission.  One of the most striking features of the kingdom’s transformation plan launched in 2016 has been its design – from otherworldly resorts planned for […]

Adult, Male, Man tomatoes hydroponics Saudi Arabia Dava agriculture

Hydroponics allows family to become first Saudi tomato exporter

A family company has become the first exporter of tomatoes from Saudi Arabia, thanks to drip irrigation, which has made sending fruit and vegetables from the Gulf to lucrative European markets economically viable.  Dava, a private company set up by the Batal family in 2017, began exporting various types of tomato and “snack peppers” – […]

Treyam Neom bridge resort

Neom unveils bridge resort with world’s longest infinity pool

Saudi Arabia’s main giga-project, Neom, has announced another luxury tourism project, called Treyam, a 450-metre bridge over a lagoon in the Gulf of Aqaba featuring the world’s longest infinity pool and a hotel with glass floors.   Publicity material released on March 21 shows the infinity pool along the length of a bridge over two sides […]

Adult, Female, Person

Work underway on cube at centre of New Murabba giga-project

The company building New Murabba, one of Saudi Arabia’s biggest giga-projects, said this week that construction was underway on the development’s centrepiece: a cubic structure being marketed as “large enough to hold 20 Empire State Buildings”.  The New Murabba Development Company, which is owned by the Saudi Public Investment Fund, is charged with creating a […]

The lake planned for the Trojena development, which will be built by Italian company Webuild

Trojena winter resort aims to be Neom’s inaugural site

The Saudi winter resort of Trojena will be completed and ready to open in 2027 ahead of the 2029 Asian Winter Games, a spokesman said this week, making it the first project inside the futuristic city Neom to come online.  Developers are under pressure to finish the giga-projects at the heart of Saudi Arabia’s economic […]

An alfalfa field in Arizona. Fondomonte used land in the state to grow the water-intensive crop for export to Saudi Arabia

Saudi company faces blowback over water use in Arizona

The US state of Arizona has cancelled land lease deals with a subsidiary of the Saudi dairy company Almarai after complaints of groundwater being depleted in the arid region. The cancellation highlights tensions over corporations controlling foreign land for food security.  In 2014 Almarai’s Fondomonte bought and leased thousands of acres in Arizona and California, […]

Vision 2030 developments such as Diriyah rely on oil income

Riyadh revises GDP but pins hopes on non-oil activity

Saudi Arabia has revised its real GDP figure for 2023 to a contraction of 0.8 percent, from a contraction of 0.9 percent. Oil production cuts hit the Saudi economy last year, while analysts are predicting a slide in crude prices this year.  Oil activities decreased by 9 percent in 2023, while non-oil activities increased by […]

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Big events take priority for stretched Saudi builders

There will be delays in delivering Saudi Arabia’s massive construction pipeline in time for 2030, but projects directly linked to specific international events such as the Asian Winter Games in 2029 will take priority, industry players told AGBI at the Big5 conference in Riyadh last week. About $1 trillion in giga-projects are under way across […]

The centrepiece of Neom's Gidori development will be a cantilevered beachfront complex

Neom plans golf community on Gulf of Aqaba

Saudi Arabia’s $500 billion giga-city Neom has revealed plans for Gidori, a residential golf community on the coastal hills of the Gulf of Aqaba. Gidori will house luxury hospitality, premium residences and a range of sports and leisure amenities designed using the area’s natural landscape. The centrepiece will be a cantilevered beachfront complex. The tower […]

Neom wellness Elanan

Neom announces ‘ultra-modern’ wellness resort

Saudi Arabia’s mega-city Neom has announced plans for another wellness resort on the Gulf of Aqaba.  The new site, Elanan, will be a wellness resort with architecture that uses “ultra-modern design techniques to form intricate sculptures that merge with the surrounding natural beauty,” Neom said on its website. The website shows images of a futuristic-looking […]

Boat, Transportation, Vehicle The newly enlarged Jeddah Islamic Port has space for 6.2 million containers

Expansion of Jeddah Islamic Port complete

The Saudi ports authority said this week it had completed a SAR1 billion ($270 million) expansion of Jeddah Islamic Port as tensions in the Red Sea continue.  The project to deepen and expand the northern container terminal in Jeddah, to be operated by the Red Sea Gateway Terminal (RSGT) company, more than doubles capacity from 700,000 […]

City, Urban, Person Neom's New York office has opened in Manhattan's Hudsons Yards, home to The Vessel

Neom opens for business in US with New York office

Saudi Arabian giga-project Neom has opened an office in New York in a move designed to attract investment from the US for its green industries.  Neom said in a statement on February 6 that the Manhattan office would facilitate its business across the US, citing “industries, corporations, and investors” who could help in the development […]

Divers in the Gulf of Aqaba. Neom says Xaynor members will be able to enjoy the 'beautiful, unspoiled coastline'

Neom announces exclusive beach club Xaynor

Saudi Arabia’s mega-city Neom has launched its latest development – Xaynor, an exclusive private beach club on the Gulf of Aqaba for “the most fascinating people in the world”.  Xaynor will be a “discreet destination where club members can unwind on the Gulf of Aqaba’s beautiful unspoiled coastline”, Neom said in an announcement.  Neom has […]