Red Sea Project

First unveiled by Crown Prince Mohammed bin Salman in 2017, this $500 billion high tech city is the flagship project of Saudi Arabia’s post-oil diversification plan known as Vision 2030 that seeks to reduce the kingdom's reliance on hydrocarbons. The zone is located in north-western Saudi Arabia and is set to include territory from the Egyptian and Jordanian borders, spanning a total area of 26,500 square kilometres. It is being built on a site that is more than 35 times the size of Singapore and will contain over 450km of coastline.

Neom will house areas dedicated to future technologies in sixteen sectors including biotech, food, manufacturing and technology, among others. Neom's contribution to the kingdom’s GDP is projected to reach at least $100 billion by 2030. The construction village will contain green areas with orchards, vegetable plots and ornamental gardens, as well as sports facilities including cricket and football pitches, gyms, and courts for tennis and basketball, among other facilities.

Source: The National