NEOM News

The latest news and information about NEOM, ENOWAOXAGONTHE LINE, TONOMUSTROJENA and other NEOM related projects

NEOM not enough for MBS as crown prince plans to build new country


NEOM City is not the only thing Saudi Arabia has to offer, and its aspirational Crown Prince Mohammed Bin Salman plans to develop the entire country, not just the Kingdom.  He has given Egypt a fantastic chance as he looks to construct multibillion dollar projects and go beyond his current borders. The idea is to buy Ras Ghamila, a popular Red Sea vacation spot, according to Luxury Launches.

The $35 billion Emirati Bay el-Hekma deal—which contained $11 billion in pre-existing deposits—was referenced by the Egyptian government. Ras Ghamila is a high-value strategic expanse of unspoiled land that spans about 860,000 square meters. Saudi Arabia hopes to increase tourism between Sharm el-Sheikh and NEOM in Saudi Arabia by using Ras Ghamila's natural beauty and its closeness to Tiran and Sanafir Islands.

The dream projects at NEOM are moving forward at such a rapid pace that they refuse to slow down in spite of growing expenses.

Read the full story at The News

Add your commment below.