Saudi Arabia new city neom full information and structure is described here below;
It sounds like that everyone is asking about the new city being developed in Saudi Arabia called "Neom". Here I will share some information about it;
NEOM means “new future”. This is a $500 billion project in the northwest of Saudi Arabia. It will be a new model for sustainable living, working and prospering.
The project can be described as a “living laboratory”, where entrepreneurship will make the new future through investment and research on various fields that will bring about a promising future of sustainability and development. The city’s energy will be 100% provided by renewable energy, especially by solar and wind energy on which Saudi Arabia is currently investing heavily.
It is an ambitious project that we, here in Saudi, are rooting for its success.
Here is a video I found on YouTube describing the city in details.
Neom is a planned city being developed in the northwest of Saudi Arabia, along the Red Sea coast. It was announced in 2017 by Crown Prince Mohammed bin Salman as part of his Vision 2030 plan to diversify the Saudi economy.
The city is being built from scratch on a 10,230 square mile (26,500 square kilometer) site that spans three countries: Saudi Arabia, Jordan, and Egypt. The project is expected to cost around $500 billion.
The name "Neom" is a combination of the Greek word for "new" and the Arabic word for "future". The aim is for the city to be a hub for innovation and technology, with a focus on sustainability and renewable energy.
The city is planned to be divided into 16 economic sectors, including energy and water, biotech, food, and tourism. It will be powered entirely by renewable energy sources, such as wind and solar power.
Neom is also intended to be a tourist destination, with plans for luxury hotels, beaches, and other attractions. The developers hope to attract 1 million residents by 2030.
The project has faced criticism from some environmentalists and human rights groups, who have raised concerns about the impact on local ecosystems and the displacement of local communities. The Saudi government has said that it is committed to sustainable development and that the project will create jobs and boost economic growth.
Overall, Neom is an ambitious project that aims to create a new, sustainable city from scratch. While there are concerns about the environmental and social impact, it remains to be seen how the project will develop in the coming years.
As we know that Saudi Arabia is investing 500 Billion USD in the Neon City project. The Reason to built is to create an Economic zone.
Economic zone is the area of the country where Rules and Laws are far different from the Rules/Laws applied to rest of the Country. Such Economic Zones already exist in the other countries.
Such Projects are build to empower the country, attract the entire world for investment and trade purposes. Multiple relaxations are offered to, Near by ports play a massive role in the growth.
NEOM (standing for “New Future”) is a planned mega-city in the northwest of Saudi Arabia which aims to be “an accelerator of human progress”, according to its website. The project is one of the cornerstones of Saudi Crown Prince Mohammed Bin Salman’s Vision 2030 initiative, which aims to reinvigorate and diversify the Saudi economy. The planned mega-city would cover an area of 26,500 square kilometres (10,232 square miles) in the northwest of Saudi Arabia, also covering part of Egypt’s Sinai region which the Saudi government has leased from Egypt for a fee of about $10bn. The total cost of the city is estimated to be more than $500bn, with financial backing supplied by the government’s Public Investment Fund.
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