3/21/2018 Neom - Wikipedia

Coordinates: 28°17′17″N 34°50′42″E

Neom
Neom (styled NEOM; Arabic: ‫ ﻧﯿﻮم‬Niyūm) is a planned 10,230-square-
mile (26,500 sq km) transnational city and economic zone to be
Neom
‫ﻧﻳوم‬
constructed in Tabuk, Saudi Arabia close to the border region of Saudi
Arabia, Jordan, and Egypt (via a proposed bridge across the Gulf of Transnational City
Aqaba).[1]

Contents
Inaugural of the project
Name
Location
See also
References
External links

Neom city logo

Inaugural of the project
The city was announced by Saudi Crown Prince Mohammad bin Salman at
Neom
the Future Investment Initiative conference in Riyadh, Saudi Arabia on
October 24, 2017.[2] He said it will operate independently from the
“existing governmental framework” with its own tax and labor laws and an
autonomous judicial system.[3]

The initiative emerged from Saudi Vision 2030, a plan that seeks to
reduce Saudi Arabia's dependence on oil, diversify its economy, and
develop public service sectors. Ghanem Nuseibeh, a consultant told
Inverse that the Saudi intention was "..to shift from oil to high tech and Location of Neom in Saudi Arabia

put Saudi kingdom at the forefront of technological advances. This is the Coordinates: 28°17′17″N 34°50′42″E
post-oil era. These countries are trying to flourish beyond oil exporting Country Saudi Arabia
and the ones who don’t will be left behind."[4] The German Klaus Announced October 24, 2017
Kleinfeld, former chairman and CEO of Alcoa Inc., and former president Founded Crown Prince
and CEO of Siemens AG, will direct the development of the city. Plans call by Muhammad bin Salman
for robots to perform functions such as security, logistics, home delivery, Government
and caregiving[5] and for the city to be powered solely with wind and solar • Director Klaus Kleinfeld
power.[3] Because the city will be designed and constructed from scratch,
Area
other innovations in infrastructure and mobility have been suggested. • Total 26,500 km2
Planning and construction will be initiated with $500 billion from the (10,200 sq mi)
Public Investment Fund of Saudi Arabia and international investors.[6]
Time zone Arabian Standard Time
The first phase of the project is scheduled for completion by 2025.[7] (UTC+03)

https://en.wikipedia.org/wiki/Neom 1/3
3/21/2018 Neom - Wikipedia

Website www.discoverneom
Name .com (http://www.discov
erneom.com/)
The name NEOM was constructed from two words. The first three letters
form the Greek prefix neo- meaning “new”. The fourth letter is from the
abbreviation of “Mostaqbal” (Arabic: ‫)ﻣﺴﺘﻘﺒﻞ‬, an Arabic word meaning “future.”[8]

Location
NEOM project[9] is located in Tabuk, Saudi Arabia in the northwest of the Kingdom and includes land within the Egyptian
and Jordanian borders, extended along with Aqaba Gulf and 468 km of coastline with beaches and coral reefs, as well as
mountains up to 2,500 m high will provide many development opportunities with a total area of around 26,500 km2.[10]

See also
Prince Abdulaziz Bin Mousaed Economic City
King Abdullah Economic City
Masdar City

References
1. "Saudi Arabia's NEOM: Oasis or Sand Castle?" (https://www.bloomberg.com/news/articles/2017-10-24/saudi-arabia-s
-neom-oasis-or-sand-castle). Bloomberg. 24 October 2017.
2. "Saudi Arabia Just Announced Plans to Build a Mega City That Will Cost $500 Billion" (https://www.bloomberg.com/n
ews/articles/2017-10-24/saudi-arabia-to-build-new-mega-city-on-country-s-north-coast). Bloomberg. 24 October 2017.
3. "Saudis set $500 billion plan to develop zone linked with Jordan and Egypt" (https://www.cnbc.com/2017/10/24/saudis
-500-billion-plan-to-neom-business-city.html). CNBC. 24 October 2017.
4. "Saudi Arabia Reveals NEOM, its Planned Futuristic Megacity" (https://www.inverse.com/article/37738-saudi-arabia-n
eom-futuristic-city). Inverse. October 25, 2017.
5. "Saudi Arabia's new city, Neom, a mecca for robots" (https://www.washingtontimes.com/news/2017/oct/24/saudi-arabi
as-new-city-neom-mecca-robots/). The Washington Times. 24 October 2017.
6. "Saudi Arabia's new super city: Fast facts" (http://www.foxbusiness.com/features/2017/10/24/saudi-arabias-new-super
-city-fast-facts.html). Fox Business. 24 October 2017.
7. "NEOM - Frequently Asked Questions" (http://www.discoverneom.com/content/pdfs/NEOM_FAQS_ENGLISH.pdf)
(PDF).
8. "What does Saudi Arabia's mega project 'NEOM' actually stand for?" (http://english.alarabiya.net/en/business/econom
y/2017/10/24/What-does-NEOM-mean-.html). Alarabiya. 24 October 2017.
9. "NEOM Saudi Arabia Mega-City - Neom Saudi City" (http://neomsaudicity.net/neoms-nine-key-sectors-will-change-the
-world/). Neom Saudi City. Retrieved 2018-03-01.
10. "WHERE IS NEOM? THE UNIQUE LOCATION" (http://neomsaudicity.net/where-is-neom-location/). NEOM SAUDI
CITY. October 25, 2017.

External links
Official website (http://www.discoverneom.com/)

NEOM Saudi City (http://neomsaudicity.net/)

Retrieved from "https://en.wikipedia.org/w/index.php?title=Neom&oldid=830941992"

https://en.wikipedia.org/wiki/Neom 2/3
3/21/2018 Neom - Wikipedia

This page was last edited on 17 March 2018, at 20:57.

Text is available under the Creative Commons Attribution-ShareAlike License; additional terms may apply. By using this
site, you agree to the Terms of Use and Privacy Policy. Wikipedia® is a registered trademark of the Wikimedia
Foundation, Inc., a non-profit organization.

https://en.wikipedia.org/wiki/Neom 3/3