Saudi Arabia's $500-billion Neom megacity project is creating a crescendo effect in the market with the intensity of announcements – including project updates, hospitality and technology partnership deals, building contracts and recent launch of its fifth region  Leyja – reaching new heights.

Neom last month unveiled its latest tourism destination Leyja, a stunning new ecotourism destination steeped in history and mythology. Leyja extends from the Gulf of Aqaba coast and its alluring waters in the west and winds inland to form a magnificent natural valley carved between 400-m-high mountains that have been crafted over long centuries.

Trojena, Neom’s unique, futuristic ski destination, is currently making significant construction progress across all clusters and major assets to deliver the development to the 2026 construction completion target, Philip Gullett, Executive Director – Region Head, Trojena, tells Gulf Construction.

SIBS, one of the world’s leading companies in modular construction technology company, has been awarded a new contract to deliver an additional 1,300 apartments to a large-scale residential project in Neom. SIBS is the sole supplier chosen for this project and this is its second order for Neom in less than four months, the company says.