Saudi NEOM announced the conclusion of contracts related to the construction, financing, operation and development of the first residential complexes of the residential area, which was designed to accommodate 30 thousand people who will move to NEOM during the coming period to build the different areas of the project.
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During the meeting, Al-Nasr affirmed that the second phase of the strategy for the "NEOM" project will be achieved by the end of 2019. The project will target 1 million residents and 5 million tourists by 2030.
Rehabilitation of dreamers from the area of NEOM and make them partners in the development process by sending them to the world's top universities to be part of the entity NEOM.
Al Nasr said the first phase of the project will include the construction of the NEOM Bay, which includes tourist sites, hotels, residential homes and offices for major companies,
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.
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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.
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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.