Details of this news Neum management announces the development of the master plan and the study of environmental impact assessments
The project, which was launched by Saudi Arabia on the Red Sea coast, announced that it is currently developing the master plan, studying the environmental impact assessments and revealing new procedures for initiating the localization of engineers and supervisors in the project.
This major development, the largest of its kind with joint investments estimated by Saudi Arabia at around US $ 500 billion, is to build a modern destination that combines the latest developments in tourism and technology in one place.
"Neum is based on important elements that must be available before the implementation begins, first of all the foundations, plans and manpower," wrote the management of the project in tweets on Twitter.
"Neum is the future project and destination for an exceptional holiday in the environment, including an international airport, mountain areas, high-tech port and logistics facilities, advanced production, technical areas and more.
Prince Mohammed bin Salman bin Abdulaziz Al-Saud, crown prince, launched the project last October as part of the ambitious aspirations of the 2030 vision to become a leading global model in various aspects of life through the development of a number of industries and technology within the project.
The founding board of the Neum project was chosen by Nazmi Al-Nasr as the CEO of the project, to replace Dr. Klaus Kleinfeld, who was appointed on 1 August 2018 as advisor to the chairman of the board of directors of the Neum project, Prince Mohammed Bin Salman.
Nazmi Al Nasr has more than 30 years of experience in leading international companies and institutions, particularly Saudi Aramco.
The first phase of the Neum project is scheduled to be completed in 2025 with nine specialized investment sectors focusing on the future of human civilization, the future of energy and water, the future of mobility, the future of biotechnology, the future of food, the future of technical and digital sciences, the future of advanced industrialization and the future of media. The future of entertainment and the future of life, the cornerstone of the other sectors, to stimulate growth and economic diversification, to make production processes possible and to innovate and to move the local industry on a global level.
The Neum project will attract private investments, investments and partnerships with the government. Neum will also be supported in the coming years by more than $ 500 billion through the Saudi Public Investment Fund, as well as local and international investors.
The project area is characterized by important characteristics, in particular the strategic location that makes it possible to be the meeting point of the best swimming pool in the Arab region, Asia, Africa, Europe and America.
The area is located in northwestern Saudi Arabia, with an area of 26,500 km 2, overlooking the north and west on the Red Sea and the Gulf of Aqaba with a length of 468 km.
The Neum area in the east is surrounded by 2500 meters high mountains, in addition to the mild breeze that contributes to moderate temperatures, and the sun and wind of the project area will also be completely dependent on alternative energy.
One of the foundations of the Neum project is the view of the coast of the Red Sea, the most important economic artery, where about 10% of world trade goes through.
The Neum project is a hub that connects the three continents of Asia, Europe and Africa, with 70% of the world's population reaching the site within a maximum of 8 hours.
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Source: Arabs today