NEOM forms a part of Saudi Arabia’s attempts to diversity its economy away from oil, and now the city of the future intends to become the world’s most competitive free zone. According to NEOM CEO, Nadhmi Al-Nasr, the project will be a semi-independent free one.

HE said: “NEOM is meant to be a model where this region will be a semi-independent free zone, it will have its own laws, it will have its own regulations and its own authority as a semi-government.”

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