Saudi Arabia’s $500 billion NEOM project has begun environmental, geological, and archaeological surveys “to ensure that the execution of any future construction is well-planned and sustainable,” according to the project’s official Twitter account.

 

NEOM recently received bids for the construction of accommodation and offices for the project’s engineers and supervisors.

 

Saudi Crown Prince Mohammad bin Salman unveiled the $500 billion project in October last year. NEOM is backed by the Kingdom’s Public Investment Fund (PIF) as well as local and international investors.

 

Infrastructure works have already started and the first phase is expected to be completed by 2025.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Related News

NEOM receives bids for building engineers’ offices, housing


Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request