A game changer in the real estate sector of the KSA
Introduction: Saudi Arabia, the largest country in the Arabian Peninsula, is home to over 37 million people. The country recorded a GDP growth rate of over 8.7% in 2022, an increase of almost 4.9% from 2021. Saudi Arabia grew at the quickest rate among the G20 nations in 2022. The nation’s leadership has adopted a […]
Neom And DSV Partnership Creates USD 10Bn Logistics Venture
Neom and DSV recently announced the building up of an exclusive USD $10Bn Logistics joint venture to aid the development of ambitious projects taking shape at NEOM, Saudi Arabia. The partnership will focus on providing logistics services for NEOM in the coming years. Under the agreement, the joint venture will provide end-to-end supply chain management, development, […]
TONOMUS introduces a new “next billion” competition
TONOMUS — the cognitive multinational conglomerate and the first company to be established as a full-fledged subsidiary of NEOM — recently announces the launch of the second venture competition by its TONOMUS Venture Studio at LEAP23. Titled ‘The Next Billion’, the new initiative invites participants to consider the new technologies and innovation that an additional […]
APD and TKA signs contract for green hydrogen projects at NEOM
Air Products has awarded ThyssenKrupp Uhde Chlorine Engineers a contract to supply a more than two-gigawatt (2 GW) electrolysis plant for green hydrogen projects at NEOM in Saudi Arabia. Under this contract, ThyssenKrupp will engineer, procure and fabricate the plant based on their large-scale 20 megawatts (MW) alkaline water electrolysis module. Upon commissioning, the project […]
