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Coordinates: 28°17′17″N 34°50′42″E / 28.28806°N 34.84500°E / 28.28806; 34.84500
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and will extend 460 km along the coast of the [[Red Sea]].
and will extend 460 km along the coast of the [[Red Sea]].


The project aims to transform Saudi Arabia into a leading global model in various aspects, one of the main objectives of the project is to seek ways of cooperation and investment with a wide network of international investors and innovators, and aims to focus on advanced industries and advanced technology. <ref>[https://sabq.org/d9yKZh تعرّف على تفاصيل مشروع "نيوم" الذي أعلن عنه ولي العهد اليوم] صحيفة سبق الإلكترونية , نشر في 24 أكتوبر 2017 ودخل في 24 أكتوبر 2017. {{Webarchive|url=http://web.archive.org/web/20171108231751/https://sabq.org/d9yKZh |date=08 نوفمبر 2017}}</</ref> Saudi Arabia aims to complete the first section of NEOM by 2025. The project has an estimated cost of $500 billion. Saudi Arabia aims to raise $300 billion through an [[IPO]] of state-owned oil company [[Saudi Aramco]].<ref>{{cite news|url=https://www.businessinsider.com/saudi-arabia-mega-city-jordan-egypt-oil-2017-10|title=Saudi Arabia is building a $500 billion mega-city that's 33 times the size of New York City|work=Business Insider|date=February 22, 2018}}</ref> This IPO was initially planned for the second half of 2018, but Saudi Crown Prince [[Mohammed bin Salman]] stated in October 2018 that the IPO will be delayed until "late 2020, early 2021." <ref>{{cite news|url=https://www.bloomberg.com/news/articles/2018-10-05/saudi-crown-prince-vows-aramco-ipo-by-2021-keeps-to-2-trillion|title=Saudi Crown Prince Vows Aramco IPO by 2021, Keeps to $2 Trillion|work=Bloomberg|date=October 5, 2018}}</ref>
The project aims to transform Saudi Arabia into a leading global model in various aspects, one of the main objectives of the project is to seek ways of cooperation and investment with a wide network of international investors and innovators, and aims to focus on advanced industries and advanced technology. <ref>[https://sabq.org/d9yKZh تعرّف على تفاصيل مشروع "نيوم" الذي أعلن عنه ولي العهد اليوم] صحيفة سبق الإلكترونية , نشر في 24 أكتوبر 2017 ودخل في 24 أكتوبر 2017. {{Webarchive|url=http://web.archive.org/web/20171108231751/https://sabq.org/d9yKZh |date=08 نوفمبر 2017}}</</ref> Saudi Arabia aims to complete the first section of NEOM by 2025. The project has an estimated cost of $500 billion.



In late 2018, after [[Assassination of Jamal Khashoggi|the murder]] of [[Jamal Khashoggi]], [[Mohammad bin Salman|Prince Mohammad]] admitted that “No one will invest [in the project] for years.”<ref name=FT2018>[https://archive.is/Z84um Saudi prince’s flagship plan beset by doubts after Khashoggi death], Simeon Kerr and Anjli Raval, December 12, 2018, [[Financial Times]]</ref>
The first airport in NEOM is expected to operate before the end of 2018 with biweekly flights scheduled at the start of 2019. This is part of a general plan to establish a network of airports in NEOM, one of which will be an international airport.


==Inauguration of the project==
==Inauguration of the project==
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==Location==
==Location==
The Neom project<ref>{{Cite web|url=http://neomsaudicity.net/neoms-nine-key-sectors-will-change-the-world/|title=NEOM Saudi Arabia Mega-City - Neom Saudi City|last=|first=|date=|website=Neom Saudi City|language=en-US|access-date=2018-03-01}}</ref> is located in [[Tabuk Region|Tabuk, Saudi Arabia]] in the northwest of the Kingdom, extended along with Aqaba Gulf and 468&nbsp;km of coastline with beaches and coral reefs, as well as mountains up to 2,500 m high, with a total area of around 26,500 sq. km.<ref>{{cite web|url=http://neomsaudicity.net/where-is-neom-location/|title=WHERE IS NEOM? THE UNIQUE LOCATION|date=October 25, 2017|work=NEOM SAUDI CITY}}</ref>
The Neom project<ref>{{Cite web|url=http://neomsaudicity.net/neoms-nine-key-sectors-will-change-the-world/|title=NEOM Saudi Arabia Mega-City - Neom Saudi City|last=|first=|date=|website=Neom Saudi City|language=en-US|access-date=2018-03-01}}</ref> is located in [[Tabuk Region|Tabuk, Saudi Arabia]] in the northwest of the Kingdom, extended along with Aqaba Gulf and 468&nbsp;km of coastline with beaches and coral reefs, as well as mountains up to 2,500 m high, with a total area of around 26,500 sq. km.<ref>{{cite web|url=http://neomsaudicity.net/where-is-neom-location/|title=WHERE IS NEOM? THE UNIQUE LOCATION|date=October 25, 2017|work=NEOM SAUDI CITY}}</ref>

==Inspiration==
<br />
[[Image:Aerial view of Cloud Forest and Flower Dome, Gardens by the Bay, Singapore - 20120503.jpg|right|thumb|Aerial view in 2012 of the [[Gardens by the Bay]], Singapore]]
Some of the illustrations for the Neom project were taken from the [[Gardens by the Bay]] in [[Singapore]], leaving commentators to note: "using an actual shot of Singapore to depict an upcoming construction project in Saudi Arabia is an odd choice."<ref>[https://coconuts.co/singapore/news/vice-uses-picture-gardens-bay-story-saudi-arabia-megacity-leaves-people-perplexed/ VICE uses a picture of Gardens by the Bay in a story about a Saudi Arabia megacity, leaving people perplexed], Oct. 25, 2017</ref><ref>[https://www.vice.com/en_au/article/gyjgzq/saudi-arabia-is-building-a-dollar643-billion-green-powered-megacity Saudi Arabia Is Building a $643-Billion, Green-Powered Megacity], By Alex Stanhope, Oct 25 2017, [[Vice (magazine)|Vice]]</ref>


==Directors==
==Directors==
[[Klaus Kleinfeld]] was announced as the inaugural director for the Neom project upon its launch by Crown Prince [[Muhammad bin Salman]] on 24 October 2017. On 3 July 2018, Kleinfeld was announced as the new advisor to Salman from 1 August 2018 onwards. [[Nadhmi Al-Nasr]] would succeed him as the new Director of Neom from 1 August 2018.<ref>{{cite news|url=http://www.arabnews.com/node/1332281/saudi-arabia|title=Klaus Kleinfeld named adviser to Saudi crown prince, NEOM appoints new CEO|publisher=Arabnews. Retrieved 03 July 2018.}}</ref> Al-Nasr, who has over 30 plus years of experience with Saudi Aramco and most recently has been the Interim President for King Abdullah University of Science and Technology (KAUST), had worked on developing the strategy and development of NEOM Bay, one of the initial stages of NEOM’s development.<ref>{{cite web |title=Klaus Kleinfeld named adviser to Saudi crown prince, NEOM appoints new CEO|url=http://www.arabnews.com/node/1332281/saudi-arabia |website=Arabnews |publisher=Arabnews |accessdate=16 September 2018}}</ref>
[[Klaus Kleinfeld]] was announced as the inaugural director for the Neom project upon its launch by Crown Prince [[Muhammad bin Salman]] on 24 October 2017. On 3 July 2018, Kleinfeld was announced as the new advisor to Salman from 1 August 2018 onwards. [[Nadhmi Al-Nasr]] would succeed him as the new Director of Neom from 1 August 2018.<ref>{{cite news|url=http://www.arabnews.com/node/1332281/saudi-arabia|title=Klaus Kleinfeld named adviser to Saudi crown prince, NEOM appoints new CEO|publisher=Arabnews. Retrieved 03 July 2018.}}</ref> Al-Nasr, who has over 30 plus years of experience with Saudi Aramco and most recently has been the Interim President for King Abdullah University of Science and Technology (KAUST), had worked on developing the strategy and development of NEOM Bay, one of the initial stages of NEOM’s development.<ref>{{cite web |title=Klaus Kleinfeld named adviser to Saudi crown prince, NEOM appoints new CEO|url=http://www.arabnews.com/node/1332281/saudi-arabia |website=Arabnews |publisher=Arabnews |accessdate=16 September 2018}}</ref>
==2018 developement==
{{main|Assassination of Jamal Khashoggi}}
In late 2018, after the murder of [[Jamal Khashoggi]], Saudi Crown Prince [[Mohammad bin Salman]] admitted that “No one will invest [in the project] for years.”<ref name=FT2018/>

Advisers to Neom, including architect [[Norman Foster, Baron Foster of Thames Bank|Norman Foster]], were reported to have distanced themselves from the project and the "toxic" Saudi Crown Prince.<ref>[https://www.middleeastmonitor.com/20181212-khashoggi-killing-derails-bin-salmans-flagship-project/ Khashoggi killing derails Bin Salman’s flagship project], December 12, 2018, [[Middle East Monitor]]</ref>

==See also==
==See also==
* [[King Abdullah Economic City]]
* [[King Abdullah Economic City]]

Revision as of 01:08, 27 December 2018

Neom
نيوم
Neom city logo
Neom city logo
Neom is located in Saudi Arabia
Neom
Neom
Location of Neom in Saudi Arabia
Coordinates: 28°17′17″N 34°50′42″E / 28.28806°N 34.84500°E / 28.28806; 34.84500
Country Saudi Arabia
ProvinceTabuk
AnnouncedOctober 24, 2017
Founded byCrown Prince Muhammad bin Salman
Government
 • DirectorNadhmi Al-Nasr[1]
Area
 • Total26,500 km2 (10,200 sq mi)
Time zoneUTC+03 (Arabian Standard Time)
Websitewww.neom.com

Neom (styled NEOM; Template:Lang-ar Niyūm) is a Saudi project for a smart and tourist cross-border city. The project is located in the far north-west of Saudi Arabia. It will be constructed in Tabuk. It includes marine land located within the Egyptian and Jordanian borders. [2] It will provide many investment opportunities with a total area of 26,500 km2 (10,200 sq mi) and will extend 460 km along the coast of the Red Sea.

The project aims to transform Saudi Arabia into a leading global model in various aspects, one of the main objectives of the project is to seek ways of cooperation and investment with a wide network of international investors and innovators, and aims to focus on advanced industries and advanced technology. [3] Saudi Arabia aims to complete the first section of NEOM by 2025. The project has an estimated cost of $500 billion.


The first airport in NEOM is expected to operate before the end of 2018 with biweekly flights scheduled at the start of 2019. This is part of a general plan to establish a network of airports in NEOM, one of which will be an international airport.

Inauguration of the project

The city was announced by Saudi Crown Prince Mohammad bin Salman at the Future Investment Initiative conference in Riyadh, Saudi Arabia on October 24, 2017.[4] He said it will operate independently from the “existing governmental framework” with its own tax and labor laws and an "autonomous judicial system."[5]

The initiative emerged from Saudi Vision 2030, a plan that seeks to reduce Saudi Arabia's dependence on oil, diversify its economy, and develop public service sectors. Ghanem Nuseibeh told Inverse that the Saudi intention was "..to shift from oil to high tech and put Saudi kingdom at the forefront of technological advances. This is the post-oil era. These countries are trying to flourish beyond oil exporting and the ones who don’t will be left behind."[6] The German Klaus Kleinfeld, former chairman and CEO of Alcoa Inc., and former president and CEO of Siemens AG, will direct the development of the city. Plans call for robots to perform functions such as security, logistics, home delivery, and caregiving[7] and for the city to be powered solely with wind and solar power.[5] Because the city will be designed and constructed from scratch, other innovations in infrastructure and mobility have been suggested. Planning and construction will be initiated with $500 billion from the Public Investment Fund of Saudi Arabia and international investors.[8] The first phase of the project is scheduled for completion by 2025.[9]

Name

The name "Neom" was constructed from two words. The first three letters form the Ancient Greek prefix neo- meaning “new”. The fourth letter is from the abbreviation of Mostaqbal (Template:Lang-ar), an Arabic word meaning “future.”[10]

Location

The Neom project[11] is located in Tabuk, Saudi Arabia in the northwest of the Kingdom, extended along with Aqaba Gulf and 468 km of coastline with beaches and coral reefs, as well as mountains up to 2,500 m high, with a total area of around 26,500 sq. km.[12]


Directors

Klaus Kleinfeld was announced as the inaugural director for the Neom project upon its launch by Crown Prince Muhammad bin Salman on 24 October 2017. On 3 July 2018, Kleinfeld was announced as the new advisor to Salman from 1 August 2018 onwards. Nadhmi Al-Nasr would succeed him as the new Director of Neom from 1 August 2018.[13] Al-Nasr, who has over 30 plus years of experience with Saudi Aramco and most recently has been the Interim President for King Abdullah University of Science and Technology (KAUST), had worked on developing the strategy and development of NEOM Bay, one of the initial stages of NEOM’s development.[14]

See also

References

  1. ^ PROFILE: Who is Nadhmi al-Nasr, the new CEO of Saudi Arabia’s NEOM?, alarabiya.net.
  2. ^ "نيوم".. تفاصيل أضخم مشروع سعودي ممتد بين 3 دول سكاي نيوز عربية , نشر في 24 أكتوبر 2017 ودخل في 24 أكتوبر 2017.
  3. ^ تعرّف على تفاصيل مشروع "نيوم" الذي أعلن عنه ولي العهد اليوم صحيفة سبق الإلكترونية , نشر في 24 أكتوبر 2017 ودخل في 24 أكتوبر 2017. Archived 2017-11-08 at the Wayback Machine</
  4. ^ "Saudi Arabia Just Announced Plans to Build a Mega City That Will Cost $500 Billion". Bloomberg L.P. 24 October 2017.
  5. ^ a b "Saudis set $500 billion plan to develop zone linked with Jordan and Egypt". CNBC. 24 October 2017.
  6. ^ "Saudi Arabia Reveals NEOM, its Planned Futuristic Megacity". Inverse. October 25, 2017.
  7. ^ "Saudi Arabia's new city, Neom, a mecca for robots". The Washington Times. 24 October 2017.
  8. ^ "Saudi Arabia's new super city: Fast facts". Fox Business. 24 October 2017.
  9. ^ "NEOM - Frequently Asked Questions" (PDF).
  10. ^ "What does Saudi Arabia's mega project 'NEOM' actually stand for?". Alarabiya. 24 October 2017.
  11. ^ "NEOM Saudi Arabia Mega-City - Neom Saudi City". Neom Saudi City. Retrieved 2018-03-01.
  12. ^ "WHERE IS NEOM? THE UNIQUE LOCATION". NEOM SAUDI CITY. October 25, 2017.
  13. ^ "Klaus Kleinfeld named adviser to Saudi crown prince, NEOM appoints new CEO". Arabnews. Retrieved 03 July 2018.
  14. ^ "Klaus Kleinfeld named adviser to Saudi crown prince, NEOM appoints new CEO". Arabnews. Arabnews. Retrieved 16 September 2018.