NEOM - The Line
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National Engineering Services Pakistan (NESPAK) has successfully obtained a project valued at SR46.5 million ($12.5 million) for Saudi Arabia’s ambitious NEOM initiative. A senior representative from NESPAK confirmed on Tuesday that work on the project is set to commence in the near future.

Source: https://www.constructionweekonline.com/projects-tenders/saudis-neom-awards-12-5mn-contract-to-pakistani-company

Saudi Electricity Company (SEC) has granted the contract for the construction of the NEOM Mountain substation to Al Gihaz Contracting Company Saudi Arabia. The project site is situated within the futuristic NEOM mega-city in Saudi Arabia.

The contract, valued at $198.3 million, represents a major step forward for the ambitious energy infrastructure project. The awarded scope of work includes the establishment of a state-of-the-art indoor 380/132kV Gas Insulated Substation (GIS), aptly named the NEOM Mountain BSP.
Integral components of the project include the installation of crucial equipment, including the GIS systems, power transformers, reactors, a sophisticated protection and control System, Substation Automation System, Telecommunication System, Security System, Cybersecurity measures, Civil works, and comprehensive Electro-mechanical installations.

Source: https://www.oilandgasmiddleeast.com/news/saudis-sec-awards-198-million-contract-to-power-neom-megaproject

https://www.linkedin.com/posts/giles-pendleton-frics-aipm-mpd-gbc-ap-b83856101_neom-activity-7091007016927694848-Wb1m

20% of completion is misleading information. Satellite images show that its less than that dug...

Originally Posted by NadineDaouk

This revolutionary 170-kilometer-long city reached 20% completion this June of 2023. 'The Line' is a city without cars, zero carbon emissions, clean energy, and artificial intelligence. The Hidden Marina, the first city district, will open in 2030. The project team is building strong transportation networks, efficient utilities, and meticulous urban planning.

Unveiling a sneak peek into the future with 'Hidden Marina', the first district of THE LINE in KSA, the revolutionary vertical city. THE LINE is redefining urban living with its renewable energy-powered, AI-controlled, and carbon-emission-free environment.

The project is moving along quickly, with 20% of the necessary infrastructure already in place, and is expected to be ready to welcome its residents and tourists by 2030. Their 'kit of parts' construction method is exciting since it promises quicker, safer, and more effective structures.

With sustainability and efficiency at its foundation, this cutting-edge metropolis is on course to provide residents a living experience unlike any other.

It is really exciting to see the progress in Neom. We continue to be the generation witnessing the transformation as this visionary futuristic mega-city rises from the sands! Check this recent aerial footage!







https://youtube.com/shorts/JIRULl1L2DI?feature=share

This revolutionary 170-kilometer-long city reached 20% completion this June of 2023. 'The Line' is a city without cars, zero carbon emissions, clean energy, and artificial intelligence. The Hidden Marina, the first city district, will open in 2030. The project team is building strong transportation networks, efficient utilities, and meticulous urban planning.

The Hidden Marina's excavation will peak in weeks, resulting in the world's largest piling operation. An integrated control center (ICC) adheres to the highest industry standards, ensuring efficiency and transparency of operations.



See the full article for details: https://english.alarabiya.net/infocus/2023/06/22/Exclusive-Saudi-s-NEOM-unveils-latest-on-THE-LINE-first-neighborhood-update

Discover THE LINE at #NEOM with Professor Michio Kaku, the renowned physicist and author. Witness how this revolutionary city tackles urban challenges like traffic, pollution, and overcrowding.

Saudi Arabia's megaproject Neom is seeking to raise 10 billion riyals ($2.7bn) in loans, according to a report in Bloomberg published on Monday. The early stages of the $500bn planned city will be financed by money raised from local lenders, according to sources familiar with the matter who spoke to Bloomberg. Banks are currently in negotiations with Neom, and the loan could be completed in the next few months.

The company is also planning to raise a further 3 billion riyals ($800m) from local banks for the development of Shushah Island, the reports said. The island is planned as a luxury destination which Neom says will host the world's largest coral garden.

Source: https://www.middleeasteye.net/news/saudi-arabia-neom-megacity-seeking-loan