Nadhmi Al-Nasr, NEOM’s CEO, said that works are progressing in the futuristic city as per schedule in an interview with Al Arabiya TV. The project is set to run on 100 percent renewable energy when completed, and will encompass several megaprojects.
"I can say that we have finished what amounts to 20 percent of [NEOM’s] infrastructure and work is ongoing in 2023,” al-Nasr told Al Arabiya on the sidelines of the World Economic Forum (WEF) in Davos. “The most important thing is being able to expand the infrastructure to all areas where we are ready to start building."
Earlier this week, a new video released showed the rapid progress being made on the futuristic city that includes THE LINE, TROJENA, OXAGON and Sindalah Island.
Al-Nasr stressed NEOM’s keenness to be a vital part for the national and international private sectors, after completing the infrastructure. NEOM project is an opportunity for financing and investment. This will prove the project’s success, he said.