By Innovation-sa on January 17, 2019 in News
Saudi Arabia will start building the first urban area of the proposed $500 billion mega-city NEOM along the north-western coast of the Kingdom soon, officials announced on Wednesday. Crown Prince Mohammed bin Salman, the chairman of the NEOM founding board, approved the master-plan concept for NEOM Bay which includes luxurious homes,high-end hotels, lifestyle and tourist facilities, and innovation centers.
NEOM Bay is expected to offer next-generation technologies in mobility and create an intelligent urban ecosystem with advanced infrastructure. It will offer unique opportunities for investors as well as tourists that will provide impetus for the growth of the new sector. Construction works on NEOM Bay is expected to start in the first quarter of 2019 and will be completed by 2020, according to the Saudi Press Agency (SPA).
A number of facilities at NEOM will be opened by the end of this year, including the current airport at Sharma, which will offer regular flights to Riyadh, SPA reported.
Arab News– 16 January 2019