NEOM, the $500 billion jewel in the crown of the Kingdom’s Vision 2030 plans, took several strides forward in 2021 with the announcement of two major projects and news that the region could welcome its first visitors in 2024. The new net-zero megacity on the Kingdom’s northwest Red Sea coast will cover 10,000 square miles, an area 33 times the size of New York, and will be powered entirely by clean energy.
The futuristic city is expected to welcome its first residents by 2024, says CEO Nadhmi Al-Nasr
One of the two key projects that were announced this year is THE LINE, a 105-mile long green city, which will have its own schools, clinics, leisure facilities, and open spaces within a five-minute walk.
The project is expected to create 380,000 jobs and to contribute SR180 billion to the Kingdom’s GDP by 2030.
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