NEOM
Posted inEnergy Transition

Saudi contractor to invest $2.7 billion in Kingdom’s futuristic city NEOM

by Staff Writer

Alfanar Projects (formerly Alfanar construction) has announced plans to inject nearly SR10 billion ($2.7 billion) for the development of five residential communities in NEOM, a mega project under construction in Saudi Arabia, Trade Arabia reported. A leading global project developer and provider of engineering, construction and technology solutions with roots in Saudi Arabia, Alfanar said […]

Posted inNews

L&T awards major contract for futuristic NEOM megaproject

by Staff Writer

Larsen & Toubro (L&T) has awarded a contract to Grid Solutions, an integral part of the GE Vernova portfolio of energy businesses, to supply gas-insulated substations (GIS) for the world’s largest utility-scale hydrogen plant to be powered entirely by renewable energy. In December 2022, NEOM Green Hydrogen Co (NGHC) named Indian contractor L&T as the sub-EPC contractor for its […]

Posted inNews

L&T secures first-ever ‘green guarantee’ for NEOM megaproject

by Staff Writer

Standard Chartered has provided the first-ever green guarantee for Larsen and Toubro’s (L&T) work on the NEOM Green Hydrogen Co (NGHC) megaproject in Saudi Arabia. The guarantee covers L&T Saudi Arabia’s involvement in designing, supplying locally, constructing, and commissioning renewable and grid packages. International supplies will be handled by L&T’s subsidiary, LTIFZE. The project aims […]

Posted inNews

NEOM awards contract for world’s largest hydrogen plant

by Staff Writer

Envision Energy announced that it has signed a contract to supply 1.67 GW wind turbines from NEOM Green Hydrogen Co for the world’s largest utility-scale hydrogen plant powered entirely by renewable energy. The mega plant is located at Oxagon, Saudi Arabia’s region of NEOM. Under the contract, Envision’s wind turbines will be installed and are expected to […]

Posted inNews

L&T announces major milestones for NEOM green hydrogen plant

by Staff Writer

The power transmission & distribution arm of Indian engineering major L&T has achieved important milestones for the power elements and grid packages of the world’s largest green hydrogen plant being built by NEOM Green Hydrogen Company. Supported by 23 local, regional, and international banking and financial institutions, the project has now achieved full financial close, […]

Posted inNews

Saudi Arabia’s energy megaprojects: 3 upcoming developments you need to know about

by Staff Writer

Saudi Arabia has announced several ambitious plans to launch a wave of megaprojects that are set to transform the country into a global economic powerhouse, as reported by Arabian Business. With investment totaling billions of dollars, the kingdom is embarking on a journey to diversify its economy away from oil, create jobs, and boost its international standing […]

Posted inNews

NEOM JV signs deals for $8.4 billion green hydrogen facility

by Staff Writer

Saudi Arabia’s NEOM Green Hydrogen Co (NGHC), a joint venture between ACWA Power, Air Products and NEOM, has secured a financial close on a green hydrogen production facility at a total investment value of $8.4 billion. The financing agreements were signed with 23 local, regional, and international banks, and investment firms, the JV said in […]

Posted inNews

NEOM awards $3 billion contract for Oxagon’s net-zero port

by Staff Writer

NEOM has awarded a $3 billion contract for the first phase of the improvement and expansion plans for the Port of NEOM, previously Duba port, located on Saudi Arabia’s Red Sea coast. BESIX, through its local subsidiary Six Construct, in partnership with Modern Building Leaders (MBL) and Boskalis have secured the contract. “The Port of […]

Load more