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Saudi Arabia plots third global airline at NEOM, alongside RIA, SaudiaSaudi Arabia’s $500 billion mega project NEOM is considering the launch its own international carrier, Arabian Business understands. The airline – which would be the third Saudi carrier following on from Saudia and the soon to be launched RIA – would position the spectacular destination as a hub for international tourists, with direct flights to cities in Europe and Asia.
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Saudi Arabia's property and infrastructure projects top $1.1tn since 2016The aggregate value of property and infrastructure projects since the launch of Saudi Arabia’s National Transformation Plan in 2016 has crossed $1.1 trillion as the kingdom continues to diversify its economy, real estate consultancy Knight Frank said. The $500 billion futuristic NEOM city remains the biggest project on the list of 15 big developments at various phases of construction.
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NEOM - city of the future will have below-the-surface service networksDesigned from scratch to act as a new global industrial and commercial hub, the mega-development, called NEOM, will also serve as an economic engine for growth in the now-barren region. With half a trillion dollars and a fleet of the world's top consultants the Saudi Crown Prince hopes to redesign the way his citizens will live in the future. NEOM is being promoted as a showpiece urban trophy that will serve as a testbed for technologies that could revolutionize daily life in the future.
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