Saudi Arabia’s NEOM signs contract with US-based Bechtel

TABUK: NEOM — the company behind Saudi Arabia’s $500 billion megacity — has signed a contract with US-based Bechtel for executive project management work on the development of the primary, base infrastructure.
NEOM CEO Nadhmi Al-Nasr said: “Built from the ground up as a model of future living, NEOM will be one of the largest, most sophisticated and advanced infrastructure projects ever undertaken globally, and we are delighted to have a major industry leader like Bechtel on board to work with us to realize our ambitions.”
Bechtel Chairman and CEO Brendan Bechtel said: “NEOM is one of the most complex projects in living memory and we are proud to be part of it. The vision for a futuristic, innovative and sustainable ecosystem is unique and bold, and we believe NEOM will change the way new cities are developed by future generations.”