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Tag: NEOM

Business
  • Web Desk Karachi
  • May 23, 2025
$84 billion Neom Green Hydrogen Initiative struggles to secure global offtake agreements

All of the hydrogen from the project was originally intended for export as green ammonia, but with only one committed buyer lined up, it is shifting focus to local consumers to fill the gap.

The Neom project in Saudi Arabia faces significant financial and operational challenges as costs escalate.
Business
  • Web Desk
  • Mar 12, 2025
Neom: Mega Saudi Arabia project faces financial woes

The initial phase, envisioned to be completed by 2035, is estimated to necessitate $370 billion, with the government having already committed $50 billion.

Business
  • Web Desk Karachi
  • Feb 27, 2025
Saudi Arabia tops global trust rankings with 87pc confidence in government

The United Arab Emirates (UAE) also achieved notable success in the rankings, securing the third spot worldwide with a government trust rate of 74 percent, placing it behind Saudi Arabia and China.

Business
  • Web Desk Karachi
  • Jan 07, 2025
Saudi Arabia starts 2025 with a $12 billion bond and PIF loan, reports Bloomberg

The government budget is forecast to remain in deficit for the next few years at least, meaning it has to rely more on borrowing.

Saudi Neom project
World
  • Web Desk
  • May 09, 2024
Saudi forces ‘permitted to kill’ for new eco-city

The area where Neom is being built has been described as the perfect “blank canvas” by Saudi leader Crown Prince Mohamed bin Salman.

Nespak NEOM
Pakistan
  • Hum News
  • Sep 22, 2023
Nespak secures NEOM contract in Saudi Arabia

The project focuses on the energy sector and had been awarded by the Saudi Electric Company (SEC)

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