The Neom project is a private area, a new dynamic destination located in the north-west of Saudi Arabia, striving to become a
place that brings together the best minds and companies together to exceed the limits of innovation to the highest standards.
This special region is designed to outperform the world's major cities in terms of competitiveness, lifestyle and economic opportunities as it is expected to become a leading center for the entire world.
The project is located in the north-west of the Kingdom and includes land within the Egyptian and Jordanian borders, providing many development opportunities with a total area of 26,500 km2.
The project has a number of unique advantages, including proximity to markets and global trade routes where:
• About 10% of the world trade flows through the Red Sea.
• 70% of the world's population can access the site within a maximum of 8 hours.
• Located in areas within the territory of Egypt and Jordan.
The project also has stunning terrain, including:
• Pristine beaches stretching over 460 km from the Red Sea coast and many islands of spectacular nature.
• The scenic mountains overlooking the Gulf of Aqaba and the Red Sea cover their snow peaks during the winter.
• The perfect desert with its calm and beauty.
First phase of "Neum" ends in 2025
It is remarkable that this particular region will be subject to independent regulations and legislation in accordance with the best international practices formulated by investors and investors, where the project will be independent of the Kingdom's systems except sovereign ones.
Work on the Neum project has already begun by exploring ways of cooperation and investment with a wide network of international investors and establishing some of the key infrastructure pillars. The first phase of Neum will be completed by 2025.
The project aims to provide the best living conditions and economic opportunities for its residents, and will seek to attract the best talent from the Kingdom and abroad, and thus will live both Saudis and expatriates, as is the case with all other international private areas.
The census will be influenced by future developments, such as automation and robotics, which will limit labor-intensive human labor, which will increase the presence of highly skilled workers (doctors and others) to fill jobs of a strategic and creative nature.
"Neum" .. A special area excluded from taxes and labor laws
The project will be a special area excluded from the laws and regulations of the normal state, such as taxes, customs, labor laws and other legal restrictions on business, except sovereign regimes (all related to the military sectors, foreign policy and sovereign decisions as the Kingdom of Saudi Arabia deems appropriate). Manufacturing products and providing services at internationally competitive prices.
Many opportunities for international investors
This special region will provide attractive opportunities for investors. The most important of these is the direct access to the Saudi market and the international markets. Secondly, the region is a hub for the three continents, as well as the regulatory environment that allows them to participate in drafting regulations and legislations.
Business owners and investment will also receive funding support to set up projects that serve the objectives of the Neum project. In addition, the Government of the Kingdom attaches great importance and support to this project at all levels.
9 sectors will stimulate the economy of the project "New"
The main objective of the project is to address the issue of economic leakage in Saudi Arabia, as well as to develop key economic sectors for the future.
Nine major economic sectors have been identified to establish the economic presence of the project:
• Future of energy and water
• Future mobility
• The future of biotechnologies
• Future of food
• The future of technical and digital science
• Future of advanced manufacturing
• Future of media and media production
• The future of entertainment
• The future of living as a key pillar for other sectors.
The world's largest investors
Prince Salman was speaking to 2,500 people from 60 countries in the capital, Riyadh. His ambitious speech addressed his participants in a number of dialogues. They included Masayoshi Son, chairman of the Japanese Softbank Group, and Stephen Schwarzman, executive president and co-founder of Blackstone. Directly involved in the development of robots and solar technologies, two of the investors in the mega project, as well as a number of major investors and CEO of the Neum project itself.
This ambitious city called Naum, described by the Saudi crown prince to be exclusively for the investments of "dreamers and signatories of dreamers who want to create something new in this world and no place for traditional investments," stressing that the Saudis are the first element of dependence to build this global city, I'm a Summing of the Friends of the Ambassador.
Road of dream cities
On the road to the cities of Saudi Arabia, the Kingdom of Saudi Arabia, where the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, will build a modern city that will attract $ 500 billion, with the participation of investors from the world and the region, reassures the world that the region can build bigger.
The city will be the promised city on the Red Sea coast, which is the main economic artery, passing through about 10% of the world trade movement, in addition to the site is a hub linking the three continents .. Asia, Europe and Africa, where 70% of the world's population can access the site during 8 hours maximum.
With mountains up to 2,500 meters above sea level and damaging the northern and eastern sides of the project, the strong attraction that will make it the best city for living, investment, entertainment, land connectivity, land, sea and air transport among the world's nations will be within the region's knowledge and Research, education, living and work.