Korea will be able to provide key know-how to help Saudi Arabia elevate its profile via the NEOM project, underpinned by trust in the Asian country's capabilities in city planning and infrastructure construction in the Middle Eastern nation dating back to the 1970s, according to Korea's top land, infrastructure and transport policymaker.

Since 1965, Saudi Arabia has inked an overseas construction order totaling $156 billion, accounting for 17 percent of Korea's overseas construction order total. It helped Korea cement its standing as the fifth-largest global construction market player with a reported overseas construction order total of $927 billion over the past five decades as of Dec. 21. Korea's second-largest income from overseas construction, totaling $83.1 billion, comes from the United Arab Emirates (UAE). 

"We feel very fortunate to have collaborated with Korean companies on several leading-edge infrastructure projects over the past 50 years, which have strengthened both our nations." -  Nadhmi Al-Nasr, CEO of NEOM 

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Leyja is the newest destination at NEOM. Set on the breathtaking Gulf of Aqaba, the stunning natural oasis is shaped by time, history and mythology. It will provide a backdrop for extraordinary life moments. A place to stimulate the senses, unwind and recharge. Visionary architecture in serene surroundings. Visitors will discover unforgettable experiences in complete harmony with nature. Leyja will allow people and planet to connect deeply.

Leyja is a place for active fitness, exploration and fitness.

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Michael Dyke is the CEO of New Murabba Development Company (NMDC) - a joint venture with the Public Investment Fund (PIF) of Saudi Arabia. NMDC is responsible for the development of the New Murabba downtown, a transformative urban development in Riyadh, Saudi Arabia. The project aims to create a vibrant and sustainable city that will serve as a model for future urban living.

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Nadhmi A. Al-Nasr is the CEO of NEOM project and is the former Executive Vice-President for Administration and Finance at King Abdullah University of Science and Technology and had held this office since 2008.

In 1978, he obtained a B.S. in Chemical Engineering from KFUPM in Dhahran, Saudi Arabia.

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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.

It will be a futuristic new city 33 times the size of New York City. Built along the Red Sea, NEOM aims to be Saudi Arabia’s answer to Silicon Valley and will include towns, cities, research, education zones, and  tourist attractions as well as a 100 mile linear, car-free city named THE LINE. This linear city will have no cars or streets, with all residents living within a five-minute walk of essential facilities.

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 the 14 specialised investment 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

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Saudi Arabia will set aside 300 billion riyals ($80 billion) for an investment fund tied to the crown prince’s flagship megaproject, NEOM, and plans an initial public offering of the project on the kingdom’s stock market as soon as 2024. The NEOM Investment Fund could potentially expand to 400 billion riyals.

Crown Prince Mohammed bin Salman expects the NEOM IPO to happen around 2024 and possibly add more than 1 trillion riyals to the size of the kingdom’s market.

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NEOM Media Hub comprises state-of-the-art TV and film production facilities including purpose-built sound stages complete with back-of-house facilities, set production offices, construction warehouses, prop shops, wardrobe, SFX facilities and backlot space to support complex set builds.

A regional hub, a focal point for industry, talent, creatives and collaboration. NEOM Media Hub will be a fully integrated campus, unlike any other, harnessing the most advanced technologies and environments to stimulate creativity and business opportunities.

Built across diverse locations such as Coastline & Marine, Desert, Mountains, Landmarks & Insfrastructure and Studio Facilities across 4 sound stages.

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