Saudi Arabia's Crown Prince Mohammed bin Salman said on Monday his $500 billion flagship project NEOM, a huge economic zone eventually meant to house nine ...
Aiming to run on 100% renewable energy, the relatively compact design is meant to cut waste and minimise environmental impact. "NEOM will add a trillion riyals to the Saudi stock market value. There will be hanging pathways, gardens and even a stadium. The interim goal would make the city bigger than Abu Dhabi, he said. Register now for FREE unlimited access to Reuters.com Register now for FREE unlimited access to Reuters.com
Crown Prince Mohammed bin Salman presents plans for parallel structures of mirror-encased skyscrapers 170 km long known collectively as The Line, ...
“But funding is only part of the equation… demand is harder to buy, especially when you’re asking people to be part of an experiment on living and working in the future,” Mogielnicki said. “But the feasibility of Neom as a whole is still unclear given the unprecedented scale and cost of the project,” he said. “That’s the main purpose of building Neom, to raise the capacity of Saudi Arabia, get more citizens and more people in Saudi Arabia. And since we are doing it from nothing, why should we copy normal cities?” The goal for 2030 is to have 50 million people — half Saudis and half foreigners — living in the kingdom, up from roughly 34 million today. JEDDAH, Saudi Arabia (AFP) — A futuristic Saudi megacity is to feature two skyscrapers extending across a swath of desert and mountain terrain, according to the latest disclosures on the project by the kingdom’s de facto ruler.
The Line – due to be just 200 metres wide – will make Neom world's most livable city 'by far', officials claim.
“But funding is only part of the equation … demand is harder to buy, especially when you’re asking people to be part of an experiment on living and working in the future,” Mogielnicki said. The “first phase” of the project, lasting until 2030, would cost 1.2tn Saudi riyals (about £265bn), Prince Mohammed said. Residents will have “all daily needs” reachable within a five-minute walk, while also having access to other perks, such as outdoor skiing facilities and “a high-speed rail with an end-to-end transit of 20 minutes”, according to a statement. Now it’s a vehicle for reimagining urban life on a footprint of just 13 sq miles (34 sq km), addressing what Prince Mohammed describes as “liveability and environmental crises”. “That’s the main purpose of building Neom, to raise the capacity of Saudi Arabia, get more citizens and more people in Saudi Arabia. And since we are doing it from nothing, why should we copy normal cities?” Neom was once touted as a regional “Silicon Valley”, a biotech and digital hub spread over about 10,000 sq miles (26,000 sq km).
Saudi Arabia will begin working on education and health facilities in NEOM next year, NEOM Chief Executive Nadhmi al-Nasr told Al Arabiya on.
For the latest headlines, follow our Google News channel online or via the app. On Monday, the Crown Prince presented the designs of THE LINE which he said offered a model for future cities that face critical environmental challenges. Saudi Arabia will begin working on education and health facilities in NEOM next year, NEOM Chief Executive Nadhmi al-Nasr told Al Arabiya on Wednesday.
Crown Prince Mohammed bin Salman calls it a hotbed for new technologies that could revolutionise urban life and encourage foreign investment. It is also billed ...
The first phase will depend on a “government subsidy” of 200 to 300 billion riyals, he added. The site will be powered by 100 per cent renewable energy and feature “a year-round temperate micro-climate with natural ventilation”, according to a new video. The seven-km wide city aims to generate 70,000 jobs by 2030 and house a population of 90,000. One of the key areas of the project, Trojena is located 50km from the Gulf of Aqaba coast with elevations ranging from 1,500m to 2,600m and covers an area of nearly 60 sq. Earlier this year, the Mercedes-EQ Formula E Team visited Neom ahead of the first ABB FIA Formula E World Championship race in Saudi Arabia. Footage showed Stoffel Vandoorne driving the Mercedes-EQ Silver Arrow 02 along Neom’s Magna Road ahead of the Diriyah E-Prix, the first time an all-electric vehicle had taken to the streets of the mega city. Neom will also become a global centre for sports. They will also have access to outdoor skiing facilities and “a high-speed rail with an end-to-end transit of 20 minutes”, according to a statement. It is a futuristic $500 billion megacity that features two skyscrapers, rising 500 metres and extending across a swathe of desert and mountain terrain. The centrepiece is The Line, a linear city unveiled in 2021. It will include an industrial city and a mountain ski resort. With mixed-use communities, research centres, sports venues and entertainment areas and tourist destinations, Neom will be a model for urban sustainability, with new standards for community health, environmental protection and effective use of technology. Crown Prince Mohammed bin Salman calls it a hotbed for new technologies that could revolutionise urban life and encourage foreign investment.
At the same time as Saudi Crown Prince Mohammed Bin Salman's visit to France, the Kingdom of Saudi Arabia has just publicly released a new video showing the ...
For a key point of the model is that residents will have access to all the facilities necessary for daily life within a five-minute walk, in addition to a high-speed train offering end-to-end transit in 20 minutes. For those who have not yet read about it in our columns, NEOM is a multi-billion dollar project that aims to build a linear city on the coast of the Red Sea, in northwest Saudi Arabia. A city with its own laws, courts, and taxation system, but above all, which will aim to be powered entirely by renewable energy. The Line could eventually accommodate some 9 million inhabitants and should be built on an area of 34 square kilometers, an unprecedented feat compared to other cities of similar capacity.
The Line makes up a major part of the wider Neom project first announced in 2017.
The project is supposedly going to cost around $500 billion (€492 billion), with the first phase expected to cost $319 billion (€314 billion). Half of that will come from the Kingdom’s sovereign wealth fund, he said. Along with The Line, the Neom project has also outlined its plans for the port city of Oxagon (which it claims will be the largest floating structure in the world, with a population of 90,000 by 2030) and Trojena (a mountain resort with activities including skiing). Inhabitants will have every service they need within a five-minute walk from their home. Torbjorn Soltvedt of consultancy Verisk Maplecroft told AFP that while Neom is planning to house the world’s largest green hydrogen plant, and benefit from solar and wind power, “the feasibility of NEOM as a whole is unclear given the unprecedented scale and cost of the project”. But with the plans for The Line outlined with the release of highly-produced marketing materials, Neom is being billed as much more than a technology hub. The city will address “the crises of livability and the environment” the prince added.