First Phase Of Saudi Prince’s $500 Billion Megacity Would Complete In 2021
The 33-year old Crown Prince of Saudi Arabia, Mohammed bin Salman has reasons to further his dream project “Neom” that is developing a sleeping fishy village into a world-class resort town of the Saudi Arabia 2.0.
What is Neom Bay?
Crown Prince, Mohammed bin Salman wants to develop the fishing village of Khurayba into a resort town with state-of-the-art facilities. Neo stands for new and “m” is the first letter of mustaqbal. It was in 2017 that the prince announced development of Neom but the development work has seen little success than delays since its inception.
According to the price, Neom would have state-of-the-art resorts and smart technologies run by robots, an industrial zone and several airports to connect the development with the rest of Saudi Arabia and the world.
Where is Khurayba?
Located in northwest Saudi Arabia, the village features untouched shorelines with waves rippling in the deep blue sea water. Surrounded by majestic mountains, the desert area is dotted with a number of sites of historic value to Saudi Arabia. This village has seen little development but bow it is in the center of $500 billion development announced by the crowned prince.
How would development work affect locals?
Project Neom Bay has earmarked 26,500 square kilometers area for development work that has already begun. Laborers have reached and fencing started to carry out the work. But the tens and thousands of people who live there are suspicious over their future. They know that they will be displaced but they are unaware about their future.
What is the present stage of Neom Bay?
The first phase of project would complete by 2021. It includes development of the Khuayba and Sharma villages. U.S. engineering firm Aecom has been awarded the project earlier this year and the company has started the work to meet the deadline.