What is Neom City? Why did the Saudi government develop Neom?
Neom is a planned city that is being developed in Saudi Arabia by the Saudi Arabian government. The project is being led by the Saudi Arabian Crown Prince, Mohammed bin Salman, and is being funded by the government and private investors. Neom is being promoted as a hub for advanced technology and innovation, and as a model for sustainable living and economic development. The city is expected to cover an area of approximately 26,500 square miles (68,800 square kilometers), making it one of the largest development projects in the world.
Neom is being developed as part of Saudi Arabia's Vision 2030 plan, which is a long-term strategy to diversify the country's economy and reduce its reliance on oil. The plan calls for the development of new industries and sectors, such as technology, tourism, and renewable energy, to drive economic growth and create new job opportunities for the country's population. Neom is intended to be a major hub for advanced industries such as robotics, biotechnology, and renewable energy, and is expected to attract investment and talent from around the world.
The city is planned to be fully self-sustaining, with its own infrastructure and amenities. It is expected to generate all of its energy from renewable sources and to use advanced waste management systems. The city is expected to feature advanced transportation systems, including autonomous vehicles and high-speed trains, and will be a hub for advanced technology and innovation. It is expected to be completed by 2030.
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