NEOM is an ambitious development project in Saudi Arabia that aims to create a futuristic, sustainable, and high-tech city in the northwestern region of the country. NEOM’s vision is to become a leading global hub for innovation, technology, tourism, and various industries, with a focus on environmental preservation and quality of life for its residents.
NEOM, which stands for “New Future” (Neo – New, M – Future), is located along the Red Sea coast and the Gulf of Aqaba. It covers an area of approximately 26,500 square kilometers (about 10,230 square miles), making it larger than some countries. The project’s location is strategically important, as it is positioned at the crossroads of three continents – Asia, Africa, and Europe.
The NEOM project was first announced in 2017 by Crown Prince Mohammed bin Salman as part of Saudi Arabia’s Vision 2030 initiative, which aims to diversify the country’s economy away from its heavy reliance on oil and to promote social and economic development.
Key aspects and goals of the NEOM project include:
The NEOM project is divided into multiple phases, with development planned over several decades. The Saudi Arabian government has committed substantial resources and investment to make this vision a reality.