Development

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NEOM PROJECT

NEOM is the world’s first independent special zone stretching over three
countries .It is set to become a new vibrant destination located in the
north-western region of Saudi Arabia. Expected to emerge as a leading global
hub that exemplifies the future of human civilization by offering its inhabitants
an idyllic lifestyle combined with exceptional economic prospects. NEOM seeks to
attract top talent from around the world to push the boundaries of innovation
like never before and drive the growth of this zone and its residents.

OPPORTUNITY-RICH DEVELOPMENTAL AREA

This special zone is located in the north-western region of Saudi Arabia and is set
to include territory from within the Egyptian and Jordanian borders, to comprise
a total area of 26,500 km2. NEOM will provide a plethora of unique development
opportunities, as the project’s strategic coastal Red Sea location is notable for its:

PROXIMIT Y TO INTERNATIONAL MARKETS AND TRADE ROUTES:

Approximately 10% of the world’s trade flows through the Red Sea
Connecting Asia, Europe, Africa and America, the zone will enable 70% of
the world’s population to reach it in under eight hours

TEMPERATE CLIMATE AND DIVERSE TERRAIN:

The unique geographical location of NEOM ensures a temperate climate,
roughly about 10°C cooler – on average – than its surrounding areas and
the rest of the GCC. Cradled in a mountainous region that is home to
breathtakingly diverse terrain in the North of Saudi Arabia, the area
earmarked for the development also enjoys cooler winds coming in from
the Red Sea for the best possible climate for future residents.
Incredible terrain that offers:
1. Untouched beaches with more than 468km of pristine coastline and
several spectacular islands
2. Scenic mountains reaching up to 2,500km in height, with views across the
Gulf of Aqaba and the Red Sea, where during parts of winter some are
covered in snow
3. Idyllic and peaceful desert expanses that astound the visitors

DEVELOPMENT FROM THE GROUND UP:

The blank slate upon which NEOM is set to be developed provides unique
opportunities. The fundamental distinction from traditional urban planning
projects is the new technology that will be built into the blueprints of the
infrastructural framework.

RICHNESS IN NATURAL RESOURCES:

Situated in an area rich in wind and solar energy resources, the location of NEOM
provides an ideal environment in which to develop renewable energy projects
Perennial solar resources (20 MJ/m²)
Ideal wind speed (an average of 10.3 m/s)
The area is also rich in Oil and Gas as well as mineral resources.
The use of such resources will have to live up to the unmatched high
sustainability standards

ADVANTAGES OF THE PROJECT

NEOM offers unique opportunities and advantages to leading investors and business
owners worldwide, with the aim of stimulating GDP growth in the Kingdom.
This project offers potential investors:
Direct access to the Saudi Arabian market and global markets, given its
unique geographic location as a hub that links three continents
Comprehensive supply and innovation systems
Funding and financial incentives
Favorable industry specific regulatory environment paired with international
trade laws
An infrastructural environment which puts the human first and technology
in its hands to experience the future first
Redirecting Saudi spend abroad back indirectly into NEOM. This is an
incredible opportunity, as Saudis spend significant amounts on tourism
($15 billion), healthcare ($12.5 billion), education ($5 billion) and general
investment abroad ($5 billion)

IT ALSO OFFERS INHABITANTS:

An idyllic living environment and rich quality of life
Technology-based civil services in health, education, transport,
entertainment and other fields
Advanced urban planning
Many opportunities for employment and personal growth
World-standard social norms in culture, arts and education

HUGE EARNINGS FOR SAUDI ARABIA

The NEOM project is set to transform the Kingdom into a leading global innovation
and trade hub through the introduction of value chains of traditional and future
industries and technologies to stimulate local industry, private sector job creation
and GDP growth in the Kingdom.

CONTRIBUTING TO THE REALIZATION OF VISION 2030

Born from the ambition of Saudi Arabia’s Vision 2030 to see the country develop
into a pioneering and thriving model of excellence, the NEOM project targets the
achievement of the three following pillars of the Vision 2030:

A VIBRANT SOCIETY

A destination at the top of the world’s most livable cities index
Developing the information and digital sectors that contribute to
the Kingdom’s GDP
The promise of becoming an aspirational society that demonstrates the
future of human civilization, sought-after as a place to live and work by
local, regional and international talent

A THRIVING ECONOMY

Favorable business environment and regulations
Incentives for attracting foreign companies and investments
Nine sectors aimed at diversifying the economy away from oil
Strong contribution to the Kingdom’s GDP and redirecting some of the
leakage of overseas back into the base economy

AN AMBITIOUS NATION

A vibrant destination that adopts technology in service of humanity
The full utilization of digital technologies to increase government efficiency
Leveraging the latest advancements in sustainability, connectivity and mobility

ECONOMIC SECTORS

The NEOM project aims to develop nine key economic sectors for the future,
in addition to the establishment of industries that curb economic leakage in the
Kingdom and the region in general. This will be achieved through the establishment
of development funds, that will support these sectors, identified as:

THE FUTURE OF ENERGY AND WATER: Includes being, fully powered by
renewable energy, forward looking energy storage and transport solutions
as well as R&D and manufacturing. In addition, utilizing green technology in
building water capabilities and maximizing usage efficiency
THE FUTURE OF MOBILITY: Includes seaports, airports, autonomous
transport solutions such as autonomous vehicles/drones, and others
THE FUTURE OF BIOTECH: Includes biotechnology, human biotechnology
and pharmaceuticals manufacturing
THE FUTURE OF FOOD: Includes an international innovation center for food
technologies, including seawater and desert farming, aeroponics and hydroponics
THE FUTURE OF ADVANCED MANUFACTURING: Includes new materials in
composites and metals, 3D printing, robotics and vehicle manufacturing
and much more
THE FUTURE OF MEDIA AND MEDIA PRODUCTION: Includes the development
of the television and film industry, the video gaming industry and
digital content
THE FUTURE OF ENTERTAINMENT: Includes facilities, activities, sporting and
cultural entertainment events and others
THE FUTURE OF TECHNOLOGICAL AND DIGITAL SCIENCES: Includes
artificial intelligence, virtual reality and augmented reality technologies,
data centers, the Internet of Things and e-commerce
THE FUTURE OF LIVING AS NEOM’S FOUNDATION: Includes housing, education,
security and safety, green spaces, healthcare, hospitality and hotels

WORLD-CL ASS QUALIT Y OF LIFE

NEOM is positioned to become an aspirational society that denotes the future
of human civilization by offering its inhabitants a lifestyle that surpasses that
of any other metropolis, through the development of a unique societal experience
that encompasses:
FAVORABLE BUSINESS ENVIRONMENT: Offering systems conducive to investment
IDYLLIC LIVING ENVIRONMENT: Offering a comfortable and enjoyable
community with the highest quality of life that includes a combination of
beautiful beaches and mountains and untouched land, along with best in class
education, arts and culture facilities
CONTINENTAL DEMOGRAPHICS: Offering a multicultural environment that
nurtures a proactive and diverse community
WORLD-CLASS EDUCATION: Offering high quality education that caters to
everyone at all stages of development
TRANSPORT: Offering fast and efficient mobility across NEOM
COMFORTABLE HOUSING: Offering ample housing and facilities for everyone
STABILITY: Offering a safe, secure and stable society
HEALTHCARE: Offering world-class healthcare facilities, using advanced
capabilities to provide an all-round service
MAIN FUTURISTIC CONCEPTS
The futuristic vision of the project comprises six main pillars that will be adopted
across NEOM:
HUMAN BEINGS AS A TOP PRIORITY: NEOM provides its residents with
comfortable living conditions set within an idyllic society that promotes
inclusion and encourages personal growth and lives by world-class social norms
THE NEXT GENERATION OF HEALTHY LIVING AND TRANSPORT: NEOM
will allow its residents to reach many locations via walking or biking and
also have an unprecedented transportation infrastructure, built on future
transportation technologies
AUTOMATED SERVICES/ E-GOVERNMENT: NEOM government services will be
fully automated and most easily accessible to its residents
DIGITIZATION: NEOM will provide its residents “digital air”, free highest-speed
internet and free online continuous education at their fingertips
SUSTAINABILITY: NEOM will be solely powered by renewable energy and
buildings will have a net zero carbon footprint
INNOVATION IN CONSTRUCTION: Serving as a laboratory for innovative
construction techniques and materials operating with complete flexibility to
meet future requirements

ECONOMIC EARNINGS

One of the project’s main advantages is the redirection of the Kingdom’s economic
leakage back to the country:

NET IMPORTS TO THE KINGDOM: The nine sectors outlined for development
will return about $70 billion in revenue back into the Kingdom, by way of
commodities currently imported from abroad, through the potential of local
production of vehicles, machinery and communication equipment.
INVESTMENTS ABROAD: The project will provide new opportunities in
previously non-existent sectors for Saudi Arabian investors, within an
environment that adopts favorable business laws and a system conducive
to growth. Thus, part of the investment leakage issue will be addressed.
SAUDI CONSUMERS OVERSEAS SPENDING: NEOM will offer a new local
tourist destination for Saudi citizens to visit, while ensuring that their
capital is injected back into the local economy.

NEOM will be backed by more than $500 billion over the coming years by the Kingdom
of Saudi Arabia, the Saudi Arabian Public Investment Fund, as well as local and
international investors. NEOM’s contribution to the Kingdom’s GDP is projected to
reach at least $100 billion by 2030, in addition to its per capita GDP – projected to
become the highest in the world.