New Video Reveals Exciting Progress on the Neom Megaproject
One of the largest real estate projects currently under development in the Middle East is Neom, which is Saudi Arabia’s vision of a city of the future. Built in the middle of the desert from the ground up, Neom is truly a next-generation construction project set to redefine how we think of cities and their ability to support the people living in them.
Altogether, the Neom project encompasses more than 10,000 square miles of land and is projected to cost Saudi Arabia $500 billion to complete. The development is a key part of Saudi Arabia’s Vision 2030, an outline for diversifying income streams that includes a significant amount of real estate development.
Neom is central to the plan not just as a new development but also as a way of attracting tech to the country. The hope is that Neom will make Saudi Arabia a major tech exporter in the Middle East and a center for innovation.
Recognizing the Progress That Has Already Been Made on Neom
At the beginning of 2023, Saudi Arabia released a video highlighting the achievements already made with the project. According to those overseeing the development, about 20 percent of the overall infrastructure is complete. Roughly 2,500 people are already living in Neom, with most involved in the development of the city in some way. The goal is to have up to 2 million residents living in Neom by 2030, which is feasible according to current construction projections.
Saudi Arabia hopes to attract some of the most talented people in the world to the new city as it constructs a novel economy from scratch. These early residents can contribute to the development of cutting-edge technologies such as solar and wind systems strategically designed to power the city fully with sustainable energy sources. These residents can also help attract more business and innovation to Neom.
The film depicting progress in Neom is key to attracting people to the city from around the world. This video is the first opportunity for individuals not involved with the construction to see how the project is taking shape.
With the first Neom destination, Sindalah, due to open in 2024, now is the ideal time to begin sparking interest among potential residents. In the video, you can get a glimpse not just of Sindalah but several other elements of the project, including The Line, Trojena, and Oxagon.
Of course, the film also outlines how Neom will address many of the problems currently plaguing communities around the world that are looking to form a sustainable future. Furthermore, a statement from the Neom team indicated that this is just the first film in a series highlighting the progress made on the project and introducing the world to the various destinations in the development.
Focusing on the Top Attractions Being Developed at Neom
The destinations highlighted in the first video are perhaps the biggest draws to Neom. The Line will become the urban heart of the project and provide its skyline with a series of planned communities connected by next-generation public transportation. These communities will be built along a linear path, hence the name The Line.
Trojena will become the mountain destination in Neom. The community combines several attractions in a gorgeous valley between the area’s tall mountains. Trojena will likely be a relaxing escape for people living in The Line, not to mention a major attraction for tourists, especially those interested in ecotourism. Sindalah, a luxury island destination, is another escape from The Line. Sindalah has undergone a significant amount of development and is highlighted as proof that the product will align with the concept.
The other destination mentioned in the film is Oxagon, which derives its name from its octagonal shape. Oxagon includes a manmade island and is set to become the center for advanced industries at Neom. Already, Neom is establishing companies that will push the city to new heights. For example, 2022 brought the launch of Tonomus, the first complete subsidiary of the Neom project. Moving forward, Tonomus will be responsible for the development and integration of artificial intelligence that can facilitate further construction in Neom.
ENOWA was launched in 2022 as well. This company will manage the sustainable water and energy systems in the city. These systems will include the largest green hydrogen plant in the world. Furthermore, Volocopter received a $175 million investment from Neom to develop cutting-edge transportation systems for the city.
Another destination in Neom not yet discussed is Sindalah Island. This island is expected to become the first part of the project that opens to the general public. In fact, Sindalah Island is on track to begin welcoming visitors in early 2024. This development includes a port, as well as many green spaces and other commercial and residential properties. Because Sindalah Island is the gateway to the Red Sea, it has received a lot of attention for its ability to attract tourists and serve as a landing point for people coming from other countries throughout the Middle East.
The recently released film has answered many questions about the Neom megaproject and assured investors that it is on track to deliver on its massive promises in the years to come. Going forward, it will be exciting to see if more footage is released, especially bits focused on the sustainability of Neom, as the project promises to define what it means for a city to be green.