Uncover how Saudi Arabia dominates global construction with a +72% activity rate, despite labor shortages. Explore the challenges and opportunities in this booming industry. Saudi Arabia is experiencing a construction boom unlike any other, positioning itself as a global leader in the industry, according to the latest findings from the Royal Institution of Chartered Surveyors

Saudi Arabia’s Neom megacity project progresses, with officials denying setbacks and asserting no changes in scale. Learn about Neom’s development, challenges, and Vision 2030 adjustments. NEOM In a resolute effort to dispel concerns, Saudi Arabia continues to assert that its ambitious Neom megacity project is progressing without hindrance.  Despite various reports suggesting otherwise, the Saudi economy minister recently confirmed

NEOM secures SAR 10 billion revolving credit facility, advancing major projects under Saudi Vision 2030. Key banks support NEOM’s strategy to diversify funding sources. In a significant advancement towards its developmental goals, NEOM has successfully secured a new revolving credit facility (RCF) valued at SAR 10 billion.  This strategic financial maneuver underscores NEOM’s commitment to

Explore the struggles of Saudi Arabia’s Neom ‘The Line’ as it faces investment hurdles and downscaling, threatening its role in Vision 2030’s futuristic urban development. In a significant setback, Saudi Arabia’s Neom project, known as ‘The Line,’ is struggling to attract the necessary investment to move forward.  This ambitious initiative, part of Crown Prince Mohammad bin

Explore the new Ritz-Carlton Reserve in Trojena, Saudi Arabia—a luxurious Marriott retreat offering serene mountain views and exclusive amenities in NEOM’s futuristic setting. Trojena In a significant expansion of its luxury hotel offerings, Marriott International signed a new agreement with NEOM to introduce a Ritz-Carlton Reserve in Trojena, a promising year-round mountain resort in northwestern Saudi Arabia.  This initiative marks Marriott’s

Explore Saudi Arabia’s Neom project, a $500 billion venture building “The Line” city with renewable energy—key details on investor engagement and global financial strategies. In a significant move to secure funding for its futuristic Neom megaproject, Saudi Arabia is actively courting global investors. This ambitious initiative, estimated at $500 billion, aims to construct a unique city

Explore NEOM’s investment roadshow in China, engaging Beijing and Shanghai to attract construction partners and investors.  NEOM, the ambitious mega-city project in Saudi Arabia, has recently held a significant investment roadshow in China, engaging over 500 business and industry leaders across Beijing and Shanghai.  The event, dubbed “Discover NEOM,” aims to forge strong partnerships and

Explore how NEOM, Saudi Arabia’s futuristic $500 billion city, plans to boost its workforce to 200,000 by 2025, fueling Vision 2030 through innovative global partnerships and construction. Riyadh: Saudi Arabia’s ambitious $500 billion city project, NEOM, is set to witness a significant workforce expansion, with numbers expected to surpass 200,000 by 2025.  This marks a 43%

Samar Akrouk, named Managing Director of MBC Studios, aims to elevate Saudi Arabia’s film and TV industry on the global stage.  In a significant shake-up at the heart of the Middle East’s entertainment sector, Samar Akrouk is set to spearhead MBC Studios, the influential production arm of the MBC Group. He will succeed Christina Wayne, the American producer