Ministry of Hajj and Umrah Allows All Types of Visas to Perform "Umrah" for Those Coming to Saudi Arabia    Weather Forecast for Saturday    13 Dead, 6 Missing in Heavy Rains in South Korea    WHO plans to rename monkeypox over stigmatization concerns    US Stock Market Closes Higher    In implementation of HRH Crown Prince's Directive, Assistant Minister of Defense for Executive Affairs visits Southern Region    Global Markets    Saudi Arabia delivers medical equipment to Ukrainian refugees in Poland    Children with disabilities disproportionately impacted by war in Ukraine    Benzema, Courtois, De Bruyne on shortlist for UEFA award    Barcelona sells more assets as it hopes to register players    ZATCA thwarts smuggling attempt of narcotic pills hidden in a garment and toys shipment    UN chief appeals for end to military activities at Ukraine nuclear plant    Saudi Arabia issues 90 industrial licenses in June    Donald Trump does not oppose US bid to unseal Mar-a-Lago search warrant    We're not in a hurry to win medals, says CEO of Saudi training center Konya 2022    US actress Anne Heche not expected to survive, says family    Saudi Press: Saudi Arabia Focuses on Crystallizing Visions About Prospects and Challenges of Future Economy    Sate Security warns against donating to unknown foreign entities Terror financing    Saudi Arabia allows holders of tourist, commercial visas to perform Umrah People from 49 countries are eligible for visas on arrival    SAMA announces launch of POS service between Saudi Arabia and Qatar    Ka'aba door bears witness to Saudi rulers' care for the House of God Kaaba' door, repentance' door contain more than 280 KG of pure gold    Ma'aden Delivers Record Q2 2022 Performance    Autohub celebrates 4 years of becoming a leading multi-brand auto care provider    UN trade body calls for halting cryptocurrency rise in developing countries    Buraidah Dates Market Records High sales Figures    Bahrain Two Main Indexes End Trading with Different Directions    Saudi Electricity Company Secures SAR 13.4 Billion Financing Facilities to Finance Long-term Growth, Saudi Arabia-Egypt Electricity Interconnection Project    Saudi Arabia to host Arab Radio & TV Festival in November    Saudi National Beach Soccer Team Arrives in Morocco to Participate in Casablanca Beach Soccer Cup 2022    How Aamir Khan adapted Forrest Gump to Bollywood Laal Singh Chaddha    WHO calls for optimizing brain health to benefit people and society    More breathing devices needed for premature babies born in Ukraine    'Rise of the Witches': Biggest series to be ever made in Saudi Arabia    Victory becomes the sweetest for Al-Marzouki with a warm touch of motherly affection    Saudi team for Special Olympics Unified Football wins gold medal of World Cup    Egyptian U20 Football National Team Beats Algerian Counterpart to Qualify for 2022 U-20 Arab Cup Final Match    Saudi Arabia to Participate in the 5th Islamic Solidarity Games in Turkiye    Association of Culture and Arts in Dammam Announces Winners of "International Video Art Forum"    Slaughterhouses of MEWA received more than 600,000 sacrifices in 3 days of Eid    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    MoH Activates Sign Language to Communicate with Pilgrims with Deafness or Muteness During Hajj    Sheikh Al-Issa at Arafat sermon: Values of Islam foster harmony; eschew hatred and division    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Red Sea Fund Opens Its Third Cycle for Production Funding    SFDA Warns Against Herbal Product "Montalin Jamu" Due to Containing Active Medicinal Ingredients    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    Pilgrims Perform Dhuhr and Asr Prayers at Arafat Holy Site    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



2019 will be a milestone year in NEOM's journey: CEO Al-Nasr
Published in The Saudi Gazette on 16 - 01 - 2019

Saudi Arabia plans to start developing the first area of its mega business zone NEOM in the first quarter of 2019, Saudi Press Agency (SPA) reported on Wednesday.
The NEOM founding Board approved the strategic concept of the master plan for NEOM Bay, the first urban area to be developed in NEOM, recently in a meeting chaired by Crown Prince Muhammad Bin Salman, deputy premier and minister of defense and Chairman of the Board of Directors of the Public Investment Fund.
The Founding Board gave instructions to complete preparations and start construction work in the first quarter of 2019. It is expected that a number of key facilities will be completed by the end of this year including the current airport at Sharma, which will be upgraded to become a commercial airport operating regular flights between Riyadh and NEOM. The work on the first phase of NEOM Bay will be completed in 2020.
"The year 2019 will be a milestone in NEOM's journey; we are now preparing to move on to the construction stages of NEOM Bay area, which will provide a new concept of living and work that can serve as a platform to attract the world's leading minds to create economic sectors," Nadhmi Al-Nasr, chief executive officer of NEOM, said.
"The strategy of developing NEOM Bay will be based on four basic pillars," he explained. The first is to provide a living experience and an ideal quality of life for the families. The second is to create an elegant lifestyle and a tourism and leisure system. The third and fourth pillars are to support the innovation centers to achieve NEOM economic goals.
On innovation centers, he said, "It supports the knowledge-based economy in various sectors such as media and health, while the centers of creativity support art in all its orientations and image to create a unique identity of NEOM."
He pointed out that these four pillars will be reflected in the entire work of the project development, its essential characteristic.
"NEOM Bay" will be NEOM's first window to the world, blessed with pristine white beaches and a temperate climate. The project has financial support of over $500 billion from the Public Investment Fund (PIF) providing an attractive investment opportunity for local and international investors, SPA said.
In line with NEOM's goals to find innovative solutions to the challenges facing humanity, the Bay project is designed to provide sustainable solutions, the most important of which is building an ideal environment for promoting human health, finding solutions to business environment challenges, in various aspects of life. In addition to the development of intelligent urban infrastructure and advanced infrastructure, to form a unique future destination the first of its kind in the world, SPA added.
NEOM is considered to be a first-class eco-friendly project; energy will be generated from renewable sources. Desalination will also be achieved without the disposal of any materials or residues harmful to the marine environment, as well as reducing carbon emissions. — SG/SPA


Clic here to read the story from its source.