NEOM provides sneak peek of satellite developments at Riyadh Real Estate Conference

Saudi Arabia has revealed further insights into its ambitious plans for the TROJENA and OXAGON segments of the $500 billion NEOM megaproject following its participation in a regional real estate trade conference in Riyadh last week.

During the inaugural Cityscape Global meeting, NEOM promoters presented accelerated plans for these developments. TROJENA is set to become a ski resort and wildlife reserve, while OXAGON will transform into a manmade industrial island featuring residential areas capable of accommodating up to 90,000 residents. The conference also unveiled details about Sindalah, a vast yacht club and terraced beach resort island.

 

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The event aimed to attract potential investors and property buyers through a cutting-edge sales pitch, featuring immersive exhibitions and panel discussions with NEOM's leadership team. Models of each site, virtual reality headset tours, architectural blueprints, and various media related to the development were presented. The project is marketed with a goal of completing its first phase by the end of 2025.

A live stream showcasing construction progress on the sites was a notable part of the presentation. Photos from the event revealed a new 'Discovery Tower' commercial high-rise structure for TROJENA and reiterated the use of biomimetic designs for the lodging components of each resort development. The presentation also introduced a "rewilding" partnership with the Saudi National Centre of Wildlife, accompanied by "Wes Anderson-inspired" short documentaries. The conference reported sales exceeding $30 billion.

 

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Despite the challenges, the Gulf state remains steadfast in its commitment to the megadevelopment, which promises to usher in a "revolution in urban living." Over 20% of the preparatory infrastructure work has already been completed. Crown Prince Mohammed bin Salman reiterated during the summer his belief that NEOM's main segment, The Line, is essential to accommodate the country's expected population growth, notwithstanding the allure of the satellite developments as tourist and luxury destinations.

Current estimates suggest that the smart city will be mostly ready by 2039, with Atkins, AECOM, and a consortium of renowned architects collaborating to realize the self-proclaimed "zero gravity urbanism" concept to fruition.

Source: https://archinect.com/