Saudi Arabia’s $500 billion signature giga-project NEOM has claimed the top position in Forbes’ new list of Top 10 Economies of the Future Companies in Saudi Arabia. NEOM is part of 40 firms that are divided into four categories by Forbes to highlight the Kingdom’s most progressive firms. Prepared in partnership with Saudi Arabia’s Research, Development, and Innovation Authority, the report includes the 10 most innovative companies in Saudi Arabia, with NEOM claiming the third position in this category.
The report noted that the city relies heavily on 5G hyperconnectivity, Artificial Intelligence, robotics, purpose-built data centers, big data analytics, augmented virtual reality, and automated guided vehicles within its mega projects: TROJENA, OXAGON, and THE LINE.
"Saudi Arabia is on the way to becoming a global innovation powerhouse, it has all the ingredients in place: World-class infrastructure, a young, educated workforce, large companies with big pockets, and supportive leadership,” - Forbes Magazine.
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