NEOM is short for ‘New Future’. It salutes the dawning of a new era. It captures a new future, unrivalled in concept and unmatched in imagination and intelligence.
NEOM is, in every conceivable sense, unprecedented – a new future on earth like nothing on earth. Currently being developed in Tabuk, the northwest corner of Saudi Arabia that intersects Egypt and Jordan, NEOM is a pillar of Saudi Arabia’s Vision 2030, and is being constructed with a foundation that serves nine specialised investment sectors: Energy, biotech, food, mobility, advanced manufacturing, technological and digital sciences, tourism, media, and entertainment; all sectors strategically designed to attract international investment, and all part of a grand push to diversify Saudi Arabia’s so-far oil-centric economy. When completed it will be a city 33 times the size of NYC.
It will be an independent zone, with its own regulations and social norms, created specifically to be in service of economic progress and the well-being of its citizens, in the hopes of attracting the world’s top talent and making NEOM a hub of trade, innovation and creativity.
The first stage of NEOM is expected to be completed in 2025