Introduction

NEOM is an ambitious mega-project being developed in Saudi Arabia as part of the country’s Vision 2030 plan to diversify its economy. Here are some key specifics about the NEOM project:

Overview

   •    Location: Northwestern Saudi Arabia, bordering Egypt and Jordan
   •    Total area: 26,500 km2 (10,200 sq mi)
   •    Estimated cost: Over $500 billion
   •    Goal: To create a futuristic “land of the future” with advanced cities, industries, and tourism destinations
Key Components

THE LINE

   •    A linear city stretching 170 km long
   •    Designed to eventually house 9 million residents
   •    No cars, streets, or carbon emissions
   •    Powered by 100% renewable energy
   •    All amenities accessible within a 5-minute walk

Oxagon

   •    A floating industrial complex and automated port
   •    Planned to be the world’s largest floating structure
Trojena
   •    A mountain tourism destination
   •    Will feature a ski resort, luxury hotels, and a man-made lake

Sindalah

   •    A luxury island resort in the Red Sea
   •    First NEOM region to be completed (in October 2024)

Gulf of Aqaba

   •    A 74-mile coastal area with planned luxury hotels and cultural assets

1. Key Features

   1.    Sustainability: Aims to be powered by 100% renewable energy, with 95% of land preserved for nature
   2.    Advanced Technology: Incorporates AI, robotics, and other cutting-edge technologies
   3.    Economic Diversification: Spans 14 key sectors including technology, tourism, and manufacturing
   4.    Transportation: Plans for an integrated, sustainable mobility system with no conventional vehicles
   5.    Global Connectivity: Strategically located with 40% of the world’s population reachable within a 4-hour flight
   6.    Talent Attraction: Aims to become a global hub for innovation and talent across various sectors
   7.    Conservation: Includes initiatives for regreening, afforestation, and wildlife habitat restoration

Conclusion

While NEOM has faced some challenges and skepticism regarding its ambitious goals, it remains a flagship project for Saudi Arabia’s economic transformation efforts. The project continues to evolve, with new components like the subterranean “Aquellum” community announced in January 2024.