Pakistani Engineering Firm Nespak Secures First Project in Saudi Arabia's Futuristic Neom City
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Nespak, a Pakistani engineering firm, has secured a project in Saudi Arabia's Neom region. The project focuses on the energy sector.
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The 3-year project was awarded by the Saudi Electric Company and is worth 46.5 million Saudi Riyals (Rs3.794 billion).
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This is the first time a Pakistani firm has secured a project in Neom. It highlights Nespak's growing expertise.
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Neom is part of Saudi Arabia's Vision 2030 reform plan led by Crown Prince MBS. It aims to diversify Saudi's economy beyond oil.
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Neom initiatives include a floating industrial complex, a global trade hub, tourist resorts, and a sustainable linear city.