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Neom will be located along the coast of the Red Sea in the far northwest of Saudi Arabia and will include the maritime territory located at the Egyptian and Jordanian borders.
The preliminary cost of the project, supported and financed by the Saudi State Investment Fund, as well as a number of private companies, is $ 500 billion.
According to project executive director Nadmi al-Nasr, staff are still developing regional master plans and a “founding law” for Neom, but Saudi Arabia has already begun pouring land and tunneling through the mountains. They plan to start building the city from two extreme points and lead to the center.
The most expensive construction project in the world promises to be truly incredible
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Neom will be the crown jewel of Crown Prince Mohammed bin Salman Al Saud’s program to overhaul the economy of the world ’s largest oil exporter, and will provide many investment opportunities across an area of 26,500 square kilometers.
Al Saud plans to turn the remote region on the northwest coast of the Kingdom’s Red Sea into a futuristic technology center that will include the main elements of his so-called Vision 2030 to reduce Saudi Arabia’s dependence on oil production, diversify its economy , and weaken social restrictions and increased investment.
“We work only with dreamers who strive to create something new, extraordinary. This place is not for ordinary people and companies. for hundreds of years “- stated prince.
It is expected that Neom will become a “state within a state” with its own laws, an independent government, whose work will be aimed at building an “idealistic society” that guarantees equal rights for men and women . Nine areas will become priority areas for the city’s economy , including digital technologies, new energy, biotechnology and media.
Crown Prince Mohammed bin Salman Al Saud presented an ambitious project for the construction of a new city of the future
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At the moment, less than one percent of the work required for the planning and construction of the city has been completed.
“This is a huge task. Today, if you go to Neom, you will see construction everywhere, you will see earthworks going on everywhere, you will see areas that are developing,” said Al-Nasr.
An international and state-of-the-art airport has already been built in Neom
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The construction work that has begun is mainly limited to the preparation of the territory for the infrastructure. It is assumed that the city will not have roads for cars and land transport, all transport and transportation will be lowered underground. Electricity will be supplied by solar panels and other renewable energy sources, and the city will be provided with food using new technologies and seawater desalination farms.
It was previously reported that Neom could become a city in which genetic experiments on humans will be carried out with the aim of improving them. In addition, robots are expected to perform most of Neom’s vital services.
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