What is NEOM?
It’s a Beach resort, Ski Resort, Port, and Logistics hub rolled into one. It isn’t only about the 170km long building. Neom Mega-Projects will be a city without cars and have a controlled climate using sustainable energy. It has a Ski resort and much more.
Table of contents
- What is NEOM?
- So where and what is NOEM all about?
- The Cost
- The Challenge
- It’s moving along
- The Beginning and the Environmental Impact
- Context in history
- NEOM and The Line: Population, Size, Jobs and Impact on Economy
- NOEM Mega-Projects and Importance to Diversification in the Saudi Economy
So where and what is NOEM all about?
Everything about Neom — the tech-mythical city being developed near the shores of the Red Sea by Saudi Crown Prince Mohammed bin Salman — seems unbelievable.
Its flying elevators, 100-mile-long skyscrapers, and a zero-carbon floating port. The Mirror enclosed vertical city will look like a land version of Atlantis from the movie Stargate.
Neom’s financials, like its architecture, are eye-popping. The mega-projects first phase, 2030, will cost a whopping $ 320 billion, 1.2 trillion Saudi Riyals.
Crown Prince Mohammed bin Salman told reporters half of the finances would come from the Public Investment Fund, a Saudi sovereign wealth fund.
The Crown Prince expects 1.5 million people to live in the twin horizontal skyscrapers by 2030. The 170 km long twin buildings are called The Line.
The most significant challenge with Neom will not be its cost or scale. It will require the continuous will to power the grandiosity written into its DNA.
It’s moving along
Here is a compilation of pictures showcasing the current construction status of various Saudi mega-projects of NEOM. These photos show the Saudi mega projects well-paced progress.
The Beginning and the Environmental Impact
The project began in 2022, excavators digging a wide trench in the desert.
The undeniable scale of the project has piqued the interest of environmentalists and urban planning experts in The Line’s ability to deliver on its promised environmental benefits and the technology it will adopt for generating sustainable energy.
Context in history
Although there is a minority opinion questioning the utility of a project like
The Line for humanity, a majority cites other mega projects born from excessive wealth and foresight as icons of nations announcing their coming of age.
History is replete with examples like the Great Wall of China, the Eifel Tower, and the Empire State Building.
NEOM and The Line: Population, Size, Jobs and Impact on Economy
The most important facts about this linear city, announced in 2017, are it connects the Red Sea coast to northwest Saudi Arabia and has an area of just 34 square kilometers. According to NEOM’s strategic plan, this population growth will be gradual until 2030.
By 2030, The Line should have created 380,000 jobs and will contribute $50 billion, SAR 180 billion, to Saudi Arabia’s domestic GDP.
NOEM Mega-Projects and Importance to Diversification in the Saudi Economy
Here are the mega-projects critical to the Saudi financial diversification amalgamated in NEOM.
Oxagon: the Port and logistics hub
Oxagon will serve as a port and logistics hub of NEOM. The region will be powered by renewable energy. An integral part of Saudi Arabia’s Vision 2030 plan is diversifying the Saudi economy and reducing reliance on oil.
Mohammad Bin Salman, the Saudi Crown Prince and Prime Minister has referred to Oxagon as the economic catalyst for development and diversity in Neom and the Kingdom that would help attain the targets of Saudi Vision 2030.
Sindalah: Reimagining the yachting & luxury travel experience at the Red Sea, Saudi Arabia
Sindalah is an exclusive gateway to the stunning Red Sea. It is the first luxury island destination in NEOM in north-western Saudi Arabia, all set to become the next luxury hot-spot destination for travelers.
It will begin welcoming guests in early 2024 to enjoy its facilities and exclusive offerings. The mega-projects will create 3,500 tourism, hospitality, and leisure jobs.
Sindalah, with an area of approximately 840,000 square meters, is one of a group of islands in NEOM, each with its unique vision and design.
Trojena the Ski Resort
Trojena is part of NEOM’s regional plan. It is located 50 kilometers from the coast of the Gulf of Aqaba in the heart of Saudi Arabia’s nature region, with mountain peak elevations ranging from 1,500m to 2,600m.
It has an area of roughly 60 square kilometers. The tourism attraction will include the Gulf’s first outdoor ski resort, an artificial lake, and renewable energy.
The mountains get natural snow during the winters, but some artificial snow will supplement nature.