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He said in an interview during World Economic Forum special meeting in Riyadh that "For NEOM, the projects, the intended scale is continuing as planned. There is no change in scale". [ 11 ] As of October 2024 [update] , Saudi Arabia intends to complete a 5 kilometres (3.1 mi) central segment of The Line by 2030, while completion of the full 170 ...
A sci-fi writer who did research for The Line says Neom will be more of a resort than a real city. Chris Hables Gray carried out work for Neom in 2021, researching aesthetics from science fiction.
The name "Neom" is a portmanteau.The first three letters are the Ancient Greek prefix neo meaning "new". The fourth letter, M, is the first letter of Crown Prince Mohammed bin Salman's name, [18] as well as the first letter of the Arabic word for "future" (Arabic: مستقبل, romanized: Mustaqbal, Hejazi Arabic pronunciation: [mʊsˈtaɡbal]).
Nadhmi A. Al-Nasr [1] (Arabic: نظمي النصر) is the former CEO of the NEOM project from 2018 to 2024 and is the former Executive Vice-President for Administration and Finance at King Abdullah University of Science and Technology and has held this office since 2008. [2]
Saudi Vision 2030 (Arabic: رؤية السعودية ٢٠٣٠ ruʾyat al-suʿūdiyah alfayn thalāthūn, sometimes called Project 2030) is a government program launched by Saudi Arabia which aims to achieve the goal of increased diversification economically, socially, and culturally, in line with the vision of Saudi Crown Prince and Prime Minister Mohammed bin Salman.
Standard economic theory suggests that in relatively open international financial markets, the savings of any country would flow to countries with the most productive investment opportunities; hence, saving rates and domestic investment rates would be uncorrelated, contrary to the empirical evidence suggested by Martin Feldstein and Charles ...
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The National Transformation Program is an action plan put in place by the Saudi government to diminish the country’s economic dependence on oil.This five-year plan has three strategic objectives: public sector & fiscal reforms, economic diversification & enhancing the business environment and social reforms.