The City of Future
Nazmi Al Nasr, Chief Executive Officer of NEOM Project, said that over the next five months, a comprehensive strategy for the NEOM project will be announced, as well as a strategy for each sector, pointing out that the first phase of the project will start within two months.
NEOM project has obtained the necessary approvals from the official authorities in the Kingdom to establish a closed joint stock company under the name of “NEOM Company” with fully paid up capital and owned by the Public Investment Fund.
At its last meeting, chaired by Prince Mohammed bin Salman, Deputy Prime minister and chairman of the Public Investment Fund, the Constituent Assembly approved the strategic concept of the capital master plan for the region of “NEOM Bay “, the first populated area to be developed in NEOM.
Saudi Arabia’s first charter flight to Sharma’s NEOM Airport has transported 130 staff on the NEOM project as their first official annual meeting on the project grounds, Affiliation between employees and the region on the other hand.
Saudi Arabia announced the last year 2018, a large number of projects, the most important of which is NEOM; the new technology-intensive city of $ 500 billion, in addition to Al Qiddiya, The Red Sea coast project and Amala.