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 has partnered with CarbonCure Technologies, Abdullah Abdin, and Gulf Cryo to integrate carbon capture and ..Read More

NEOM has partnered with CarbonCure Technologies, Abdullah Abdin, and Gulf Cryo to integrate carbon capture and utilization technologies in the construction of sustainable concrete for NEOM's development. The collaboration will use CO2 captured by Gulf Cryo and injected into concrete by CarbonCure, ensuring permanent carbon mineralization and reducing the carbon footprint of cement production. This project, supported by the Saudi Ministry of Energy, aligns with Saudi Vision 2030’s goals of sustainable construction and decarbonization, setting a new benchmark for green building in the region.
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NEOM announced leading partners for the first phase of THE LINE, including DMAA, Gensler, and Mott MacDonald. ..Read More

NEOM announced leading partners for the first phase of THE LINE, including DMAA, Gensler, and Mott MacDonald. These firms will provide urban design, planning, and engineering expertise, ensuring a sustainable and innovative city design. THE LINE aims to redefine urban living with vertical city planning, no roads or cars, and a strong focus on nature and sustainability.
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Sindalah Island Opens as NEOM’s First Luxury Destination, Showcasing Visionary Tourism with World-Class Amen ..Read More

Sindalah Island Opens as NEOM’s First Luxury Destination, Showcasing Visionary Tourism with World-Class Amenities, Unique Marine Ecosystem, and Year-Round Yachting in the Red Sea
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NEOM Partners with Asas Al-Mohileb to Launch $186.6 Million Ready-Mix Concrete Facility with Carbon Capture, S ..Read More

NEOM Partners with Asas Al-Mohileb to Launch $186.6 Million Ready-Mix Concrete Facility with Carbon Capture, Supporting THE LINE’s Rapid Development and Creating Over 500 Local Jobs by 2025.
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Xendee's advanced modeling and distributed energy expertise have helped NEOM realign its renewable energy stra ..Read More

Xendee's advanced modeling and distributed energy expertise have helped NEOM realign its renewable energy strategy, shifting from centralized power grids to high-efficiency microgrids, incorporating solar, wind, battery systems, and hydrogen fuel cells to power key locations like The Line, Oxagon, and an Archipelago of 10+ islands.
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