NEOM Hosts Global Contractor Forum to Shape Future Projects

With the help of the companies that participated in the forum, the workforce is anticipated to grow to over 200,000 by next year - SPA
With the help of the companies that participated in the forum, the workforce is anticipated to grow to over 200,000 by next year - SPA
TT

NEOM Hosts Global Contractor Forum to Shape Future Projects

With the help of the companies that participated in the forum, the workforce is anticipated to grow to over 200,000 by next year - SPA
With the help of the companies that participated in the forum, the workforce is anticipated to grow to over 200,000 by next year - SPA

NEOM, the sustainable development taking shape in the northwest of Saudi Arabia, brought together over 100 of the world’s leading construction companies for a two-day industry forum, SPA reported.

The gathering, held in NEOM, showcased on-the-ground construction progress while highlighting future developments as NEOM advances into the next stage of its vast portfolio of projects.
As NEOM’s projects transition into a new phase of execution, the demand for top-tier construction proficiency is vital to deliver some of the most ambitious development projects the world has ever seen. These bold projects include the 170 km long city, THE LINE, currently being built in modular phases, with the first phase welcoming residents in 2030. The forum also emphasized the importance of innovation within the industry and how traditional construction methods will not meet the scale and scope of NEOM. Additionally, on-the-ground progress was showcased throughout NEOM, including construction progress on THE LINE, the Spine, Oxagon, Trojena, and the NEOM International Airport.
The forum opened with an address by the CEO of NEOM, Nadhmi Al-Nasr, stating: "As we go into our busiest ever phase of development, the scale of opportunities across NEOM is monumental. With projects progressing fast across all parts of the region, we are committed to collaborating with globally renowned contractors to achieve the vision of NEOM".
Attendees benefited from insights into the plans and scope of upcoming opportunities. Additionally, they visited project sites to witness first-hand the construction currently taking place, which is already on a massive scale seldom seen anywhere in the world. The event also included one-on-one meetings during which specific business opportunities were discussed as contractors displayed their services and capabilities.
The forum hosted a mix of firms from Saudi Arabia, along with international firms from Asia, Europe, North America, and North Africa. Construction is currently underway throughout all of NEOM, with a construction workforce of over 140,000. With the help of the companies that participated in the forum, the workforce is anticipated to grow to over 200,000 by next year.



Exports from Libya's Hariga Oil Port Stop as Crude Supply Dries Up, Say Engineers

A general view of an oil terminal in Zueitina, west of Benghazi April 7, 2014. (Reuters)
A general view of an oil terminal in Zueitina, west of Benghazi April 7, 2014. (Reuters)
TT

Exports from Libya's Hariga Oil Port Stop as Crude Supply Dries Up, Say Engineers

A general view of an oil terminal in Zueitina, west of Benghazi April 7, 2014. (Reuters)
A general view of an oil terminal in Zueitina, west of Benghazi April 7, 2014. (Reuters)

The Libyan oil export port of Hariga has stopped operating due to insufficient crude supplies, two engineers at the terminal told Reuters on Saturday, as a standoff between rival political factions shuts most of the country's oilfields.

This week's flare-up in a dispute over control of the central bank threatens a new bout of instability in the North African country, a major oil producer that is split between eastern and western factions.

The eastern-based administration, which controls oilfields that account for almost all the country's production, are demanding western authorities back down over the replacement of the central bank governor - a key position in a state where control over oil revenue is the biggest prize for all factions.

Exports from Hariga stopped following the near-total shutdown of the Sarir oilfield, the port's main supplier, the engineers said.

Sarir normally produces about 209,000 barrels per day (bpd). Libya pumped about 1.18 million bpd in July in total.

Libya's National Oil Corporation NOC, which controls the country's oil resources, said on Friday the recent oilfield closures have caused the loss of approximately 63% of total oil production.