Global Bechtel to Establish Transport System Connecting NEOM Cities

NEOM Co. has awarded a contract to Bechtel for executive project management work on the development of the base infrastructure for NEOM cities. (NEOM Twitter)
NEOM Co. has awarded a contract to Bechtel for executive project management work on the development of the base infrastructure for NEOM cities. (NEOM Twitter)
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Global Bechtel to Establish Transport System Connecting NEOM Cities

NEOM Co. has awarded a contract to Bechtel for executive project management work on the development of the base infrastructure for NEOM cities. (NEOM Twitter)
NEOM Co. has awarded a contract to Bechtel for executive project management work on the development of the base infrastructure for NEOM cities. (NEOM Twitter)

Saudi Arabia’s NEOM Co. has awarded a contract to US-based Bechtel for executive project management work on the development of the base infrastructure for NEOM cities, as the Saudi Vision 2030 giga-project advances work to create the world’s leading destination to attract talent and investment.

Bechtel was selected to oversee and create resource-efficient utilities and a highly advanced transport system to connect NEOM’s cognitive cities.

Commenting on the award, NEOM CEO Nadhmi Al Nasr said: “Built from the ground up as a model of future living, NEOM will be one of the largest, most sophisticated and advanced infrastructure projects ever undertaken globally, and we are delighted to have a major industry leader like Bechtel on board to work with us to realize our ambitions.”

Bechtel Chairman & CEO, Brendan Bechtel said in a statement: “NEOM is one of the most complex projects in living memory and we are proud to be part of it. The vision for a futuristic, innovative and sustainable ecosystem is unique and bold, and we believe NEOM will change the way new cities are developed by future generations. We have helped our customers shape the Kingdom’s history with many key projects and we are honored to be a partner in building its future.”

Last July, NEOM awarded a contract to develop the digital infrastructure in its cities, through building and operating a 5G network with the Saudi Telecom Group.

NEOM has also entered into a partnership with Air Products and ACWA Power, worth $5 billion, to establish the world’s largest project to produce hydrogen and ammonia in a clean and environmentally friendly manner, which will be ready for operation in 2025.

Cognitive cities are technically enhanced and digitally sustainable societies that benefit from data in a greater proportion than smart cities, in order to provide exceptional livelihoods that improve the quality of life of residents and support business sectors.



UN's FAO: World Food Prices Increase in April

FILE - A customer checks his shopping receipts while waiting in line at the food court at Costco Wholesale store in Glendale, Calif., on Thursday, April 10, 2025. (AP Photo/Damian Dovarganes, File)
FILE - A customer checks his shopping receipts while waiting in line at the food court at Costco Wholesale store in Glendale, Calif., on Thursday, April 10, 2025. (AP Photo/Damian Dovarganes, File)
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UN's FAO: World Food Prices Increase in April

FILE - A customer checks his shopping receipts while waiting in line at the food court at Costco Wholesale store in Glendale, Calif., on Thursday, April 10, 2025. (AP Photo/Damian Dovarganes, File)
FILE - A customer checks his shopping receipts while waiting in line at the food court at Costco Wholesale store in Glendale, Calif., on Thursday, April 10, 2025. (AP Photo/Damian Dovarganes, File)

Global food commodity prices increased in April, driven by higher cereal, meat and dairy product prices that outweighed falls in sugar and vegetable oils, the United Nations' Food and Agriculture Organization said on Friday.
The FAO Food Price Index, which tracks monthly changes in a basket of internationally traded food commodities, averaged 128.3 points in April, up 1% versus the March estimate of 127.1 points, Reuters reported.
The April reading was also 7.6% higher than the same month a year ago but 19.9% below a March 2022 peak reached following Russia's full-scale invasion of Ukraine.
For cereals, FAO's price index rose 1.2% from March as wheat prices edged up due to tighter exports from Russia, rice rose on stronger demand and corn stocks tightened in the United States.
"Currency fluctuations influenced price movements in world markets, while tariff policy adjustments raised market uncertainty," the FAO added.
Despite the April rise, the cereal price index was 0.5% below its year earlier level.
Also driving food prices higher, the FAO's meat price index rose 3.2% last month, led by pig meat prices and firm import demand for bovine meat.
The dairy price index rose 2.4% in April and jumped 22.9% versus a year ago as butter prices hit record highs thanks to declining inventories in Europe.
By contrast, FAO's vegetable price index fell 2.3% last month due to a sharp decline in palm oil prices, while the sugar price index dropped 3.5% on fears over the uncertain global economic outlook.
In a separate cereal report, FAO kept its forecast for world wheat production unchanged at 795 million metric tons, on par with 2024 levels.
The agency decreased its estimate slightly for global cereal production in 2024 to 4.848 billion tons from 2.849 billion.