NEOM - NEOM City Development Program

General Information
Owner NEOM
Masterplan Project (Parent Profile)
Location Tabuk Province, Saudi Arabia
Status --
Sector Construction, Mixed-Use, Mixed-Use
Contract Type Build
Onshore/Offshore Onshore
Greenfield/Brownfield Greenfield
Progress 21
Estimated Budget Value ---
Contract Value 0
Net Value $324055m
Award Date April 2019
Completion Date December 2030
Last Updated On September 2021
ProjectId (Old, New) 40777, 222416

Saudi Arabian NEOM is undertaking the construction of the NEOM City Development Project in Tabuk Province, Saudi Arabia.

The project was established in the north-western region of Saudi Arabia and will include territory from within the Egyptian and Jordanian borders. It will be extended over 468km coastline along the Red Sea and the Gulf of Aqaba and the total area will be 26,500km2.

NEOM aims to develop nine key economic sectors which are energy and water, mobility, biotech, food, technological and digital sciences, advanced manufacturing, media and media production, entertainment and living as NEOM’s foundation. It will be empowered entirely by renewable energy. The site will also become the main entrance to the King Salman Bridge, linking Asia and Africa, which will add to the zone’s economic significance. It includes Royal Palaces, gathering hall, golf course, landscaping works and infrastructure, and utilities.

The current profile consists of NEOM airport, which will be built near the kingdom’s Tabuk area. It will be located 10km from Sharma, 75km from Daba and will be initially coordinated with Prince Sultan City. The airport is expected to feature a runway of 3,757 meters long at 151 degrees on one side and 331 degrees on the other.

The US$5,00,000 million project includes the following:

1. Construction of the residential area

2. Construction of the commercial area

3. Construction of the industrial area

4. Construction of five royal palaces

5. Construction of hotels

6. Construction of hospitals

7. Construction of schools

8. Construction of ports

9. Construction of a gathering hall

10. Construction of a golf course

11. Construction of courtyards

12. Construction of a 60km ring road

13. Construction of car parking space

14. Construction of restaurants

15. Construction of solar power plants

16. Construction of wind power plants

17. Infrastructure works

18. Construction of street utilities

19. Construction of associated facilities

Second Section

19 September 2021

The client is in talks with several investors and contracting companies for the further development of the project.

15 July 2021

The main contract bid submission deadline for Magna Storage Reservoir in Magna and Al Badaa Storage Reservoir, Day Tank & Connecting Transmission Mains is on July 19, 2021.

06 June 2021

Firms have submitted offers for masterplanning studies on a proposed coastal development scheme known as Gulf of Aqaba. (Source: MEED)

02 June 2021

The bid submission is due on June 3, 2021 and Mofarreh M Al Harbi Est, Alkifah Contracting are amongst the other PQ companies for Logistics Administration Building

24 May 2021

Construction works are ongoing on Sharma to Tabuk Road Upgrade.

18 April 2021

The consultancy bid for the design consultant and PMC has been received however we are in the process of identifying the package for this tender. (Source: MEED)

23 February 2021

There is no news on main contract tender issue for Neom Bay: Silver Beach: access road package I, II, III.

14 December 2020

Red Sea International has been appointed to provide facilities management, operations, and maintenance services with a contract value of $14.1m for 3 years.

28 August 2020

Mofarreh M Al Harbi Est has been appointed as the main contractor for Neom Industrial City: Industrial and Commercial Buildings with a contract value of US$267 million.

09 July 2020

Neom : Industrial City: Site preparation & Enabling Works for PV Plant: Mobilization works are in the final stages and construction works are yet to commence at the end of July 2020.

21 May 2020

Al Ayuni Investment and trading has been appointed as the main contractor for Sharma to Tabuk Road Upgrade.

05 April 2020

There is no news regarding the main contract award for Sharma to Tabuk road upgrade.

03 February 2020

The general plan for the development of Neom City is expected to be announced in Q2 2020.

14 January 2020

Silver Beach: Access Road: Package III is still in the initial stage of development.

17 December 2019

The main contract tender is not yet awarded for PV Plant Site preparation and enabling works and market sources indicate that there is no news on the main contract tender issue for Silver Beach: Access Road: Package I and II.

08 November 2019

International Airport is still in the initial stages.

31 October 2019

The main contract bids are still under evaluation for PV Plant Site preparation and enabling works.

10 October 2019

The prequalification tender has been cancelled due to change in design works. for access road package I and II.

18 September 2019

The Expression of Intrest (EOI) has been released for access road packages I and II and the last date for submission is October 5, 2019, however, package III is in the initial stage.

29 July 2019

Neom: Industrial City - The main contract bid submission of enabling works for the PV plant development is on July 25, 2019.

27 June 2019

For the Neom Bay: Silver Beach Infrastructure Works- US-based Aecom has been awarded the project management contract. For the Neom City Project: Airport- A small part of the airport has been commercially opened for the employees and investors.

08 May 2019

For the Silver Beach Infrastructure Works Package - The main contract tender is expected to be issued by end of May 2019. Al Fouzan Trading & General Construction and Shapoorji amongst others were pre-qualified for the project.

15 March 2019

Neom: RO Plant is under the main contract bid evaluation. *PIF - NEOM: Infrastructure and Utilities AECOM has been appointed as the project management consultant on the project.

18 January 2019

The authority has approved the master plan for the development.

19 December 2018

As per the Royal visit the client has prioritized the completion of the 3,757m runway of the Neom City Airport in October 2018. However, the entire project is still in a very initial stage of development.

26 October 2018

The design works are expected to commence by June 2019. Once the designs are completed the construction phase will commence.

12 September 2018

Environmental, archaeological and geological survey has commenced on the project.

26 August 2018

The client is developing the master plan and undertaking environmental assessments on the project.

21 May 2018

Orascom Development Egypt (ODE), subsidiary of Orascom Development Holding AG are keen in investing in the development of NEOM City. Italian construction company Salini is interested in the future tenders for the infrastructure works on the project.

06 March 2018

Saudi Arabia and Egypt have jointly set up $10b funds to develop the project and Egypt is committing over 1,000 sqkm of land in the south Sinai region.

21 February 2018

The consultants have been invited to participate on the project which is currently under study and review. It is understood that the following consultant among others is likely to participate on the project: *Dar Al Handasah The exact number of consultants participating is unknown at this moment. As soon as we know the identity of the other companies, we will update the profile.

15 December 2017

Buro Happold has been appointed as the programme manager for the project.

31 October 2017

The UK entrepreneur, Virgin Group has expressed interest for the development of the project.

25 October 2017

The client is in talks with potential investors on the project. Japan’s SoftBank Group plans to invest in state-owned Saudi Electricity company and build the world’s largest solar plant and robot in the zone. PIF is a partner in the company’s $100bn Softbank Vision Fund, and has committed to invest as much as $45bn in the tech fund.