Saudi Arabia’s giga-city Neom witnesses a thriving community, schools opened

 

Saudi Arabia’s giga-city Neom witnesses a thriving community, schools opened  

Saudi Arabia’s giga-city Neom is witnessing a thriving community with schools opened in the area.

This was disclosed by Nadhmi Al-Nasr, the CEO of NEOM, while announcing the significant progress made in the current phase of the project during the launch of a NEOM exhibition in Seoul. He said construction is actively underway across the entire project site.

Al-Nasr revealed that approximately 60,000 people are currently residing
and working at the site to contribute to the development of NEOM. He confidently stated that this number will increase to a remarkable 400,000 within the next year. The NEOM project is envisioned to span a 25-year period, and its significance is expected to grow exponentially with time.

Al-Nasr emphasized that NEOM presents a realistic and practical vision, and he believes that upon completion of the first phase in 2030, the project will demonstrate its viability to the world. He expressed optimism about securing financing for the project through its successful implementation.

The CEO also stressed that South Korean companies will have ample opportunities to participate in various stages of investment, financing, and partnership formation within the NEOM project. Given the considerable funding requirements of the venture, companies worldwide, including those from South Korea, are eagerly seeking opportunities to collaborate and secure deals.

Al-Nasr, along with 12 other senior executives of NEOM, is currently in South Korea to inaugurate the NEOM city exhibition. This marks the first time a NEOM exhibition is being held in Asia.

The nine-day event, titled "Discover NEOM: A New Future by Design," is set to continue until August 3rd. The exhibition showcases models and videos that exemplify the design philosophy and urban planning of major projects within NEOM City, such as The Line, Oksagon, Trogena, and Syndala. This display aims to provide a glimpse into the groundbreaking initiatives shaping NEOM's innovative future.

Source: https://www.oilandgasmiddleeast.com/