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Neom City Project

  • OnGoing Project
  • Saudi Arabia
  • Urban Construction

The project will be developed at Red Sea coast in Saudi Arabia. The project is about Construction of a mixed-use development. The Neom City project comes as a major step towards achieving Conceptualized as a transnational economic zone, Neom City will be situated in the city of Tabuk at the far Northwest corner of the kingdom. The city vast area will be the first to extend across the borders of three different countries as it will include lands within both the Egyptian and he Jordanian borders. The city’s name is derived from two words: the Latin word Neo (meaning New) while the letter M is an abbreviation for the Arabic word Mostaqbal, which means future, making its name a short of New Future. The city comes as an indispensable piece of Saudi Arabia plan conceptualized by the regal ruler and the beneficiary of the Saudi Arabian that goes for building up a few enterprises and monetary areas in the nation to move the manageability of the Saudi Arabian economy far from the flimsy vitality and oil part. It merits referencing that Neom City will be autonomous from the administrative body of the Saudi Arabian kingdom as it will have its very own guidelines, duty and work laws. Through doing that, the city goes for being the worldwide future perfect world like center point for nine key businesses that are claimed to shape and characterize the fate of the world: vitality and water, portability, biotech, sustenance, propelled producing, media, stimulation, innovative and advanced sciences. The Neom City will be developed on 26,500 square kilometres of land along 468km of coastline along the Red Sea and the Gulf of Aqaba. It will also cross into Jordan and Egypt. The plans also include the King Salman Bridge that will connect Saudi Arabia and Egypt – Riyadh and Cairo. The aim of the city is to be an innovation hub that will be made more attractive to future investors and residents by creating an independent economic zone for the city with its own laws, taxes and regulations. For energy, the plan is for Neom to be entirely powered by wind and solar energy. It will focus on industries including energy and water, biotechnology, food, advanced manufacturing and entertainment. Construction of the first phase is due to be completed by 2025.

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