Port of NEOM has received Saudi Arabia’s first fully automated, remote-controlled STS and electric RTG crane ..Read More

Port of NEOM has received Saudi Arabia’s first fully automated, remote-controlled STS and electric RTG cranes, advancing its vision to become a smart, sustainable global trade hub. Located on the Red Sea, the port is on track to open Terminal 1 in 2026, with key milestones like a 900m quay wall and 18.5m channel depth already completed. The port also launched a two-year training program for Saudi talent, including women, to operate high-tech equipment—supporting Vision 2030 goals.
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NEOM Green Hydrogen Company (NGHC) has achieved 80% construction completion on the world’s largest green hyd ..Read More

NEOM Green Hydrogen Company (NGHC) has achieved 80% construction completion on the world’s largest green hydrogen project in Oxagon, NEOM, as of early Q1 2025. The facility, a JV between ACWA Power, Air Products, and NEOM, will produce up to 600 tonnes/day of carbon-free hydrogen as green ammonia, reducing global CO₂ emissions by 5 million tonnes annually. Powered by 4 GW of solar and wind energy (completion by mid-2026), the plant aims for first product availability in 2027 and secured $8.4B in financing.
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• Power

NEOM Investment Fund (NIF) has made a strategic investment in US-based MemryX to advance energy-efficient Edge ..Read More

NEOM Investment Fund (NIF) has made a strategic investment in US-based MemryX to advance energy-efficient Edge AI semiconductor solutions crucial for NEOM’s AI-native digital infrastructure. The partnership aims to accelerate the deployment of next-gen computing technologies, enabling local video data processing and reducing reliance on centralized systems. This aligns with NIF’s broader mission to scale frontier technologies and build a cognitive, AI-driven economy.
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ENGIE and NEOM have signed an MoU to collaborate on sustainable desalination brine valorization, focusing on e ..Read More

ENGIE and NEOM have signed an MoU to collaborate on sustainable desalination brine valorization, focusing on extracting value from waste and reducing the environmental footprint of desalination. The partnership will leverage advanced membrane and crystallization technologies, pilot installations, and shared expertise to recover valuable resources from seawater brine. This initiative supports NEOM’s sustainability goals and has potential for scalability in other water-scarce regions.
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• NEOM

Hassan Allam Holding’s subsidiary, Hassan Allam Roads & Bridges, has been awarded the Roads and Paving Works ..Read More

Hassan Allam Holding’s subsidiary, Hassan Allam Roads & Bridges, has been awarded the Roads and Paving Works contract for the Port of NEOM in Oxagon, Northwest Saudi Arabia. The project involves pavement work across 375,000 m², supporting NEOM’s rapid urban and industrial expansion. Aligned with Saudi Vision 2030, the company aims to enhance infrastructure and drive economic growth while expanding its regional presence.
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• Construction
• NEOM

NEOM and DataVolt signed a $5 billion agreement to develop a 1.5-gigawatt sustainable AI data center in Oxagon ..Read More

NEOM and DataVolt signed a $5 billion agreement to develop a 1.5-gigawatt sustainable AI data center in Oxagon, aligning with Saudi Arabia’s vision for a data-driven economy. The renewable-powered facility will use advanced cooling and energy-efficient architectures, aiming for net-zero operations by 2028. Oxagon’s strategic Red Sea location, fiber connectivity, and green energy access make it ideal for this large-scale project.
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NEOM has secured a $3 billion export credit agency (ECA) financing deal with Italy’s SACE, marking its first ..Read More

NEOM has secured a $3 billion export credit agency (ECA) financing deal with Italy’s SACE, marking its first corporate ECA financing and the largest untied financing guaranteed by SACE. The funding, backed by a syndicate of nine international banks, will support NEOM’s development across infrastructure, urban projects, and transport. The deal strengthens NEOM’s collaboration with Italian suppliers, who have already secured $6.3 billion in contracts, aligning with Saudi Vision 2030’s goal of attracting foreign investment.
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NEOM has partnered with Samsung C&T Corporation in a joint venture to invest over SAR 1.3 billion in construct ..Read More

NEOM has partnered with Samsung C&T Corporation in a joint venture to invest over SAR 1.3 billion in construction robotics, focusing on automating rebar cage assembly through advanced robotic welding and tying techniques. This technology aims to reduce manual labor by up to 80%, enhance safety and quality, and cut assembly costs by 40%. The project will create over 2,000 skilled jobs and support the construction of major developments like THE LINE in NEOM, aligning with Saudi Arabia's vision to lead in advanced industries and sustainable construction practices.
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• NEOM