Saudi Arabia’s NEOM Company has chosen Jacobs as the lead design consultant for its Neom mega-city port redevelopment. This port will run entirely on renewable energy and boost connectivity and economic growth in the region.
Jacobs: A Global Pioneer in Design and Consulting
Jacobs is a well-respected name in design and consulting, boasting a rich portfolio of diverse projects. With a proven track record in delivering high-impact solutions and a talent force of over 60,000 professionals, Jacobs brings a wealth of expertise to the table.
The NEOM mega-city project is a testament to Saudi Arabia’s commitment to diversifying its economy and becoming a global hub for trade, tourism, and innovation. This 500-billion-dollar project aims to create a model for future cities, focusing on sustainability, technology, and human-centric design.
The Port of NEOM: A Leap Towards a Sustainable Future
The Port of NEOM, strategically located in northwest Saudi Arabia, is poised to become the world’s first fully automated, 100% renewable energy-powered integrated port and supply chain system. This transformation is expected to catalyze economic growth in the region, attracting new business and industry while enhancing connectivity.
Jacobs’ Pivotal Role in the Port Redevelopment
As the lead design consultant, Jacobs is tasked with redesigning the port’s terminals, warehouses, rail delivery, infrastructure, and energy network, among other things. This venture marks another significant involvement for Jacobs in the Saudi giga project, NEOM.
To achieve this transformation, Jacobs will collaborate with Moffatt & Nichol, IGO Solutions Private Limited, and Trent. These sub-consultants bring their unique skills and experience to the project, contributing to realizing NEOM’s vision.
The Port of NEOM is strategically positioned at the intersection of major trade routes, offering direct access to international markets in Asia, Europe, North America, and Africa. The development of this primary seaport is set to trigger economic growth in northwest Saudi Arabia, boosting connectivity and attracting new businesses and industries to the region.
NEOM’s Investment in the Future
The port redevelopment project is valued at over SAR 180 million. NEOM’s Terminal 1, the first container terminal, is expected to be operational by 2025. As the Port of NEOM transforms into a global logistics powerhouse, Jacobs will undoubtedly leave its mark on the future of trade and connectivity.
Jacobs’ Impressive Backlog of Diverse Services
Jacobs’ diverse services, including infrastructure, water management, environmental solutions, space exploration, broadband, and cybersecurity, are in high demand. The company’s consistent stream of contract wins, reflected in its robust backlog of $28.9 billion at the close of the third quarter of fiscal 2023, indicates its success and potential for future growth.
Market Response to Jacobs’ Involvement
The market responded positively to Jacobs’ involvement in the Port of NEOM project, with shares gaining 0.8% during the trading session on Sep 18. This showcases the confidence investors have in Jacobs’ capabilities and the potential of the NEOM project.
A Promising Outlook for Jacobs
With its current involvement in the NEOM project and a healthy backlog of contracts, Jacobs’ future looks bright. The company’s ability to secure and execute contracts across diverse sectors underscores its strength in the consulting industry.
The appointment of Jacobs as the lead design consultant for the Port of NEOM redevelopment reflects the confidence in Jacobs’ capabilities and expertise. This project is a significant step towards realizing Saudi Arabia’s Vision 2030 and establishing NEOM as a global hub for sustainability and innovation. As the world watches, Jacobs is set to redefine the future of sustainable infrastructure, one project at a time.