“Building a giga-project the size of Neom is a great challenge that requires manpower to settle there for years to come and we are keen on creating the best environment for those who will work and live there,” he added.US economy contracted 32.9% in second quarter as jobless claims riseGlobal air traffic will not return to pre-crisis levels before 2024, Iata says The ambition of the NEOM project is a strong impetus for many international companies to share Saudi Arabia in building the City of the Future. “The awarding of these contracts is another milestone in our journey to turn the Neom dream into a reality,” Neom chief executive Nadhmi Al-Nasr said in the statement. NEOM, a project announced in October by Saudi Crown Prince Mohammed Bin Salman, aspires to be the “safest, most efficient, most future oriented, and best place to live and work” in the kingdom. NEOM will take advantage of the falling costs of generating clean, renewable energy.Watch the interview with Abdulaziz Alsanousi - Heritage Communication Manager.NEOM: A bold vision. The kingdom’s sovereign wealth fund is spearheading the development of the project on the Red Sea coast, and work has begun on the first phase, called Neom Bay. It is being built on a site that is more than 35 times the size of Singapore and will contain over 450km of coastline.Russia to have Covid-19 vaccine in two weeks in 'Sputnik moment'UAE leaders wish the country a happy Eid Al AdhaThe construction village will contain green areas with orchards, vegetable plots and ornamental gardens, as well as sports facilities including cricket and soccer pitches, gyms, and courts for tennis and basketball, among other facilities.Online booking service for Covid-19 tests set up for travellers to the UAEHajj 2020: latest updates as pilgrims make the journey to Mount ArafatThe company responsible for delivering Saudi Arabia’s $500 billion high tech city, Neom, awarded contracts to two companies to develop, finance and build a construction village that will accommodate up to 30,000 workers who will build the futuristic city.Updated: September 9, 2019 10:07 AMYemen: UN hails Saudi Arabia’s mediation in peace dealThe project is being managed by Saudi Arabia’s Public Investment Fund and seeks private sector investment from companies around the world.UAE petrol prices announced for August 2020Neom will house areas dedicated to future technologies in sixteen sectors including biotech, food, manufacturing and technology, among others.
Saudi Arabia has awarded to two Saudi firms contracts to build worker housing for its futuristic mega-city called Neom, as plans for the $500 billion project …