Thursday, March 30, 2023

Megaproject Neom in the Red Sea is taking shape

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The resort island of Sindalah will be the first completed and publicly accessible resort of the Neom gigaproject in Saudi Arabia. (visualization)


Jean Claude RaemyEditor Economics

neoma That’s the name of the giant project in Saudi Arabia, which is being built in the north-west of the country on an area half the size of Switzerland. 500 billion dollars will be invested in it. 200 billion of that for “The Line” alone – a sustainable city that is 170 kilometers long and 200 meters wide and is built between two mirrored, 500 meter high walls in the middle of the desert.

This will be completed by 2030. Neom should be completed by then. The project also includes the town of Neom Bay, which includes luxury resorts and is already under construction. Or Trojena, the first ski resort in Saudi Arabia. Or a bridge across the Gulf of Aqaba that will connect Saudi Arabia to Egypt’s Sinai Peninsula. The holiday destination Sharm-el-Sheikh, which is located there and is popular with the Swiss, can thus be reached more quickly. However, it also receives serious competition from Saudi Arabia.

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