150 Global Companies Show Interest in NEOM Projects

The sun sets over NEOM. (NEOM via Twitter)
The sun sets over NEOM. (NEOM via Twitter)
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150 Global Companies Show Interest in NEOM Projects

The sun sets over NEOM. (NEOM via Twitter)
The sun sets over NEOM. (NEOM via Twitter)

After concluding a four-day assembly, NEOM Chief Projects Officer Brett Smythe revealed that more than 150 local and international design and construction corporations have displayed interest in the Saudi mega project.

“What we now have edited at these conferences confirms the nice curiosity we’re aiming for at NEOM,” he said.

“We’re critical about constructing the NEOM in a totally completely different approach and we’re working to carry the sector to technological improvement, improvements and innovation,” he added.

NEOM is the cornerstone project supporting the realization of Saudi Arabia’s national transformation plan Vision 2030, especially in terms of diversifying sources of income.

NEOM is distinguished by the magnitude and diversity of businesses and projects it covers.

In its “The Line” project, NEOM is looking to create 380,000 jobs and to add SAR 180 billion to the Kingdom’s GDP by 2030.

“The scale and complexity of this project require strong partnerships between NEOM and the entire industry value chain to make NEOM’s vision a reality,” its Chief Executive Officer Nadhmi Al-Nasr said.

There was particular interest in NEOM’s focus on innovation, Smythe noted.

“We are serious about building NEOM in a completely different way and are steering the industry toward technological advancement, greater innovation and efficiency,” he stressed.



Oman Appoints Central Bank Chairman, Governor

General view of old Muscat, Oman. REUTERS/Christopher Pike/File Photo
General view of old Muscat, Oman. REUTERS/Christopher Pike/File Photo
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Oman Appoints Central Bank Chairman, Governor

General view of old Muscat, Oman. REUTERS/Christopher Pike/File Photo
General view of old Muscat, Oman. REUTERS/Christopher Pike/File Photo

Oman has appointed Sayyid Asaad bin Tariq Al Said as chairman of the board of directors of the central bank, and Ahmed bin Jaafar Al-Musalmi as the bank's governor, with a rank of minister, the Omani state news agency reported on Wednesday.

The news agency quoted royal decrees by Sultan Haitham bin Tariq al-Said.