Neom is nevertheless a huge and ambitious project unique in the world which is entirely dedicated to the future of our planet. As we all know, Saudi Arabia is the largest country in the Arabian Peninsula neighbouring famous countries and cities such as Dubai, Qatar, Kuwait or Israel. Having a booming economy due to foreign investments and petrol business, these countries are definitely the richest in the entire world. Creating new wonders of architecture and design, building the tallest buildings in the world and gathering unmeasurable wealth in one place is just a small step in developing an unthinkable future. Saudi Arabia is ruled by Prince Mohammad Bin Salman who is the initiator of this 500 billion $ megacity called Neom.
The plan is to make Neom a totally independent city where robots will help humanity develop faster, easier and at low costs. A huge investment but with a large potential of revenue, Neom can become the only city in the world where technology is developed by artificial intelligence. The word Neom means a ” New Future” which will deliver luxury services on all domains for the people living there. A diamond in the desert, Neom will cover a surface which is 10 times larger than the New York City or 2 times larger than Qatar and it will be located close to Jordan, Israel and Egypt. Prince Mohammad Bin Salman has recently bought The World’s Most Expensive Property which is a castle in France for the price of 300 Million $. His properties are spread all over the world and this is why Prince Mohammad Bin Salman considered Neom a city for everyone not just for the Saudi people. Although Saudi Arabia is a much more strict and religious country than Dubai for example, following the Islam rules, future might be able to reshape this conception.
Prince Mohammad Bin Salman has found an ingenious way to maintain and rise the country’s wealth and prosperity which will empower the development of Neom by creating investment funds. Oil is not going to last forever so this is the main reason, Saudi Arabia and other Arab countries need to find ways to sustain their people over time. Technology and property investments are on a high demand but if Neom runs according to the plan, Saudi Arabia will not feel any recession even if the oil is gone.