Neom is a planned wise city and a major development project in Tabuk Province northwestern Saudi Arabia! The announcement was made by Mohammed bin Salman the Saudi Crown Prince. The development estimated to cost $500 billion will be the first world-wide special economic and investment area. It will span 26,500 km2 in the Red Sea and Gulf of Aqaba and extend into Egypt and Jordan ️ 🇸🇦 🇪🇬 🌊 👑 .
Neom is being built as the world’s most advanced city, where artificial intelligence and robotics will be combined to offer its residents the best quality of life possible! Powered by renewable energy sources, its development focuses on creating a sustainable and resilient environment ️ 🔛 🌐. As an incubator for technological innovation and commercial activity, Neom will attract high-tech investments from around the globe .
Neom’s location is strategic because of its proximity to the Red Sea, along with its access to the Gulf of Aqaba and the Suez Canal 🌊. This makes it an ideal location for businesses seeking to access key markets in Europe and North America 🔑. The city will also benefit from its connection to the King Abdullah Economic City, which is the largest industrial hub in the Middle East and North Africa .
Neom is planned to become a major international business hub. The city will be primarily powered by renewable energy sources, like solar, and wind power, and will feature extensive smart city infrastructure . It is looked for to create a business-friendly environment for international companies, with the aim of fostering economic growth in the region ️ 🌍 👔.
Neom is looked for to create an estimated 380,000 new jobs in the region over the next decade 🆕 👔. The project is also counted on to draw billions of dollars of investment, and increase the GDP of Saudi Arabia by above $100 billion annually 💵 🇸🇦 🔛.
The development of Neom is part of Saudi Arabia’s Vision 2030, which was announced by Crown Prince Mohammed bin Salman in April 2016 🤴 🇸🇦 👑. The goal of this initiative is to modernize the kingdom and diversify its economy away from oil . The project is also part of the Saudi government’s efforts to promote the development of a modern and technologically advanced economy.
Neom is set to become the world’s first carbon-neutral city, employing advanced technology for monitoring, managing, and reducing its environmental footprint 🌍. The city will also boast numerous eco-friendly features like smart grid systems, self-driving vehicles, and advanced waste management systems .
Neom is anticipated to become a major tourist destination and will feature a lots of attractions, containing resorts, sports stadiums, and shopping malls ️ 🛍️. The city is also planned to be a major hub for culture, entertainment, and art 🎨 ️.
Neom is an ambitious project that has the potential to transform Saudi Arabia and the region. The project is looked forward to to spur economic growth create jobs and attract billions of dollars in investment 💵 👔. If it is successful Neom could become a model for the development of sustainable cities around the world ️ 🌍. !! .
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