NEOM is a planned city and economic zone located in Saudi Arabia, envisioned as part of the country’s Vision 2030 initiative. The name NEOM is derived from the Greek prefix “neo,” meaning “new,” combined with the Arabic word “mustaqbal,” which means “future.” It aims to integrate advanced technologies and sustainable living, featuring smart city infrastructure, renewable energy sources, and research and innovation hubs. NEOM is designed to attract global investment and talent, and it plans to host various industries, including biotechnology, food, entertainment, and advanced manufacturing. The development of NEOM is intended to be a model for future urban living, emphasizing sustainability, quality of life, and economic diversification.
Air Products' CEO, Seifi Ghasemi, recently revealed that negotiations are underway to secure additional offtake agreements for the 2.2GW NEOM green hydrogen facility in Saudi Arabia, highlighting a robust demand…
