NEOM was born from the ambition of Saudi Arabia’s Vision 2030 to see the country develop into a pioneering and thriving model of excellence in various and important areas of life.
The team behind the NEOM mega-city project in Saudi Arabia said recently that they have begun environmental, archaeological and geological surveys to ensure successful and sustainable execution of future constructions.
NEOM was born from the ambition of Saudi Arabia’s Vision 2030 to see the country develop into a pioneering and thriving model of excellence in various and important areas of life. A press statement released when the project was first announced in October last year, stated that NEOM aims to thrive the transformation of the Kingdom into a leading global hub through the introduction of value chains of industry and technology.
Crown Prince Muhammad Bin Salman, deputy premier an minister of defense, said at that time, “NEOM will focus on nine specialized investment sectors and living conditions that will drive the future of human civilization, energy and water, mobility, biotech, food, technological & digital sciences, advanced manufacturing, media, and entertainment with livability as its foundation. The focus on these sectors will stimulate economic growth and diversification by nurturing international innovation and manufacturing, to drive local industry, job creation, and GDP growth in the Kingdom. NEOM will attract private as well as public investments and partnerships. NEOM will be backed by more than $500 billion over the coming years by the Kingdom of Saudi Arabia, the Saudi Arabian Public Investment Fund, local as well as international investors.”
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