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Forthcoming Sindalah Island Resort Will ‘Mark the First Opportunity for the Public to Experience NEOM’ – Report
Saudi Arabia’s forthcoming Sindalah Island project will be the first opportunity for tourists to visit NEOM, according to Antoni Vives, chief urban planning Officer at NEOM, in comments to Al Arabiya English.
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Saudi NEOM Green Hydrogen Co. Signs $8.5bn Finance Deals
Saudi-based NEOM Green Hydrogen Co. has signed finance agreements with several financial institutions totaling $8.5 billion, Arab News reports, to finance its clean energy facility.
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Antonia Carver, director of Art Jameel, Riyadh’s New Murabba Development, Founding Day 2023 and more
In Episode 76, The 966 welcomes Antonia Carver director of Art Jameel, who discusses her work supporting artists and creative communities in the Middle East region and beyond. Art Jameel was founded by the Jameel family philanthropies and is headquartered in Saudi Arabia and the UAE and works globally. Before the discussion, the hosts talk […]
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LEAPing forward in an increasingly tech-focused Saudi Arabia, Riyadh as a global events destination, and much more
The 966 Episode 75! The hosts discuss the recently-concluded LEAP conference and exhibition in Riyadh and how Saudi Arabia is increasingly becoming a leader in the space in the region. They also discuss how Riyadh is, in general, becoming a more attractive destination for global events, a concept once difficult to imagine before the Kingdom […]
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International Visitors to Saudi Arabia Increase as Kingdom Attracts Most Tourists in First 9 Months of 2022
Saudi Arabia registered more than 18 million international arrivals in the first nine months of 2022, higher than any other Arab nation during that timeframe, according to reports.
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NEOM’s Oxagon Will Open First Hotel in 2025 – Report
Neom’s OXAGON city will see its first hotel opening in 2025, according to a report, as development across the Kingdom’s giga-projects continues forward.
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Real estate in Saudi Arabia, Riyadh’s $22.5 BILLION metro, and the Ronaldo-Messi-Mbappe game
In episode 72 of The 966, the Riyadh Metro project, the game-changing public transportation project in Saudi Arabia’s capital, “will be opened soon.” A discussion on the hot real estate market in Riyadh and across Saudi Arabia. Then, to kick off the program’s “Yallah!” segment, the hosts spend some time talking about the Dakar Rally, […]
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Hyundai Motor Joins EV Car Race in Saudi Arabia with Planned Factory; Signs MOU with Saudi Ministry of Industry and Mineral Resources
South Korea’s Hyundai Motors has joined the race to build EV cars in Saudi Arabia, signing a memorandum of understanding with Saudi Arabia’s Ministry of Industry and Mineral Resources to build a factory for the complete assembly of electric cars in the Kingdom, the Saudi Press Agency (SPA) reported.
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Todd Albert Nims, traction on green hydrogen, a $1 trillion economy and much more in The 966 Episode 69
Episode 69! Merry Christmas and happy holidays to our subscribers and listeners who celebrate. The 966 hosts kick off the second annual “Christmas spectacular” with a discussion of green hydrogen and news that Germany may be on of Saudi Arabia’s first big customers, and a discussion of Saudi Arabia as a $1 trillion (!) economy. […]
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Germany Sets Sights on Importing Saudi Ammonia to Make Hydrogen by 2026
European economic powerhouse Germany has said it hopes to import green ammonia from Saudi Arabia at a terminal to be opened in 2026, according to a report in the UAE-based The National.
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MUST-READS
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What role will Middle East play in Ukraine’s post-war reconstruction?
Last month, a joint assessment by Ukraine’s government, the World Bank, the European Commission, and the United Nations estimated that the cost of reconstructing Ukraine is now at $411 billion. Since Russian President Vladimir Putin launched his full-scale invasion in February 2022, Western allies have made a raft of commitments to help rebuild the war-torn state. Italy will host a bilateral conference later this month on funding Ukraine’s reconstruction, while London will host a global conference in June for political and business leaders from all over the world.
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Saudi Arabia leads Mideast hotel construction activity: STR data
With 42,033 hotel rooms, the Kingdom accounts for 35.1 percent of 119,505 total keys under construction in the region. That places Saudi Arabia only after China and the US — which currently have 299,458 rooms and 154,284 rooms under construction respectively — making it one of the biggest hotel construction markets in the world despite a global slowdown.
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Saudi Arabia leads Mideast hotel construction activity: STR data
With 42,033 hotel rooms, the Kingdom accounts for 35.1 percent of 119,505 total keys under construction in the region. That places Saudi Arabia only after China and the US — which currently have 299,458 rooms and 154,284 rooms under construction respectively — making it one of the biggest hotel construction markets in the world despite a global slowdown.
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Saudi Arabia signs deal for construction of Rabigh 4 independent water plant project
Saudi Water Partnership Company (SWPC) has confirmed in a statement that a consortium comprising ACWA Power, Haji Abdullah Alireza & Partners Company and Almoayyed Contracting Group has won the contract to develop the Rabigh 4 Independent Water Plant, with potable water production capacity of 600,000 m3/d of desalinated water.
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Meet the top 30 Saudi construction companies in 2023
The list was compiled by reaching out to home-grown contractors in the kingdom and sharing a questionnaire that focused on key criteria: Major Successes over the last 12 months; Projects completed within the 2022-2023 calendar year; Current Backlogs; and 2022 revenue. The editorial team then collated the information, utilised publically available information, and their own assessment of the kingdom’s most active construction firms, to produce the final result.
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Meet the top 30 Saudi construction companies in 2023
The list was compiled by reaching out to home-grown contractors in the kingdom and sharing a questionnaire that focused on key criteria: Major Successes over the last 12 months; Projects completed within the 2022-2023 calendar year; Current Backlogs; and 2022 revenue. The editorial team then collated the information, utilised publically available information, and their own assessment of the kingdom’s most active construction firms, to produce the final result.
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Meet the top 30 Saudi construction companies in 2023
The annual ranking of the top 30 Saudi Arabian construction contractors returns in 2023, profiling the biggest and most relevant firms in the kingdom. As delivery schedules intensify and work ramps up on the gigaprojects fuelling Vision 2030, Construction Week Middle East speaks to the companies helping to drive Saudi Arabia’s transition, via their work on thousands of project sites across the country.
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Saudi to Identify Challenges Facing Construction Permits for Commercial Buildings
Efforts are underway to identify the challenges related to obtaining construction permits for commercial buildings in Saudi Arabia. Proposed solutions are being developed and shared with the Ministry of Municipal, Rural Affairs, and Housing, in anticipation of presenting the final plan at the periodic meeting of the Executive Committee for Improving the Performance of Private Sector Businesses (Tayseer).
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After the Fanfare: Examining Qatar’s construction legacy post-FIFA
Looking at the legacy of the FIFA World Cup Qatar 2022, it’s clear that despite the country’s construction sector being boosted by efforts to deliver the event on time, questions are now arising about how the country’s leaders and government are manoeuvring around the pressure to keep demand high.
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Top 13 construction contracts in the Middle East in February 2023
The new Al-Fursan project is reported as being the largest residential suburb in Saudi Arabia. Eighteen real estate development agreements were signed for the new Al-Fursan project’s first phase with companies including Retal Urban Development Company and Sumou Real Estate Company.
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