NEOM - NEOM City: Oxagon: Southern Cluster
Saudi Arabian NEOM is planning to undertake the construction of the southern cluster as a part of the NEOM City Development Program 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 NEOMâs 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 zoneâs economic significance. It includes Royal Palaces, gathering hall, golf course, landscaping works and infrastructure works, and utilities.
The current profile is part of the NEOM City Development Program and it covers the NEOM Oxagon (also known as NEOM Industrial City) package.
The US$16000 million project includes the following:
1. Helios Green Fuels
2. Construction of a hydrogen plant
3. Construction of a desalination plant
4. Construction of a manufacturing plant
5. Laying of inter-connecting lines
6. Construction of storage tanks
7. Construction of utilities and offsites
8. Construction of associated facilities.
Second Section
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23 April 2024
NEOM City: Green Fuels: Renewable Energy Project: Construction works are progressing as per schedule and are expected to be completed by 2026.
27 February 2024
Green Ammonia Plant Complex: Electrolysis Plant:Ammonia Storage Tanks: Green Fuels Plant: The Construction works are ongoing on the project and are expected to be completed by the end of 2026.
23 November 2023
Oxagon: Southern Cluster - Green Fuels Plant: Construction works are progressing and are expected to be completed by the end of 2026.
07 July 2023
NEOM City: Oxagon: Southern Cluster - Green Fuels Plant: The construction works are progressing and is expected to be completed by 2026.
23 May 2023
NEOM Green Hydrogen Company - Green Fuels Plant: The financial closure is achieved on the project.
03 March 2023
NEOM Green Hydrogen Company - Green Fuels Plant: The construction works will be ongoing after having reached financial closure on the project.
02 March 2023
NEOM Green Hydrogen Company - Green Fuels Plant: The green hydrogen project has received financing comprising of $5.85bn of senior debt and $475m of mezzanine debt facilities. (Source: MEED)
17 January 2023
Apicorp has agreed to provide senior debt to the NEOM City: Helios Green Fuels Project- Green Hydrogen project. (Source: MEED)
18 October 2022
Construction works are progressing well on NEOM City: Oxagon: Southern Cluster: Data Center and is scheduled to complete by 2024.
20 January 2022
ThyssenKrupp has been appointed as the main contractor on Electrolysis Plant and the main contract bids for Ammonia and Hydrogen Plants have been submitted by the following companies: China Tianchen Engineering Corporation, Consolidated Contractors Company, and Nasser S Al-Hajri Corporation and Bids are still under evaluation for Helios Project: Site Establishment Package.
18 November 2021
The Green Ammonia Plant project is expected to reach financial closure and start construction in the first half of 2022.
29 September 2021
The main contract bids have been submitted and are under evaluation on the Site Establishment Package.
27 July 2021
There is no news regarding the main contract tender issue on the Air Separation Unit.
16 June 2021
The Ammonia Plant package is in the initial stages of development.
29 April 2021
The developers has issued Request for proposal for Helios Green Fuels: Substation & Transmission Line