Saudi Arabia: Project to highlight Neom's development through millions of photos and videos
Saudi Arabia is intensifying its
efforts to attract global investors to its ambitious Neom development by
launching the "Ground X" initiative, aimed at showcasing the
project's progress. The initiative focuses on providing real-time updates and
visual evidence of ongoing construction across Neom's various zones, including
The Line, Sindalah, and Trojena.
Through a recent job posting for a
"PMO Specialist," Skift uncovered details about Ground X, which is
tasked with documenting Neom’s progress. The platform, though not publicly
accessible, features a vast network of 452 time-lapse cameras, 63 live cameras,
and over 300 drone locations, collectively capturing two million photos and
70,000 videos. A now-unavailable public version of the website emphasized the
project's goal: to build trust among investors by transparently displaying
construction milestones.
Read More Neom
working with world’s largest visual content producers to showcase its beauty
A Neom spokesperson confirmed the
existence of Ground X, describing it as an in-house content studio where
investors can access live updates on key developments. This transparency
initiative is part of Saudi Arabia's broader strategy to secure foreign direct
investment (FDI), particularly amid reports of financial challenges within the
Neom project. In April, Bloomberg reported cash-flow issues and potential
downsizing of The Line, originally planned to span 170 kilometers but now
potentially reduced to just 2.4 kilometers initially, with the full length
targeted for completion by 2045.
Despite these challenges, Saudi
Arabia continues its global investor outreach, including a recent partnership
between the Public Investment Fund (PIF) and BlackRock for a $5 billion
investment push in the region. Additionally, PIF secured a significant FDI deal
with six Chinese banks, valued at up to $50 billion, signaling continued
confidence in the kingdom’s long-term economic vision, despite current fiscal
pressures.
Read More MIT
Technology Review shows the progress at Neom with exclusive satellite images
This strategic move aims to reassure
investors of Neom's viability and progress, countering concerns while aligning
with Saudi Vision 2030’s transformative goals.
Source: Arab News
0 Comments