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The name "Neom" is a portmanteau.The first three letters are the Ancient Greek prefix neo meaning "new". The fourth letter, M, is the first letter of Crown Prince Mohammed bin Salman's name, [18] as well as the first letter of the Arabic word for "future" (Arabic: مستقبل, romanized: Mustaqbal, Hejazi Arabic pronunciation: [mʊsˈtaɡbal]).
Red Sea Global was officially launched by the Saudi Public Investment Fund on 31 July 2017 as "The Red Sea Development Company". It is one of the 5 Saudi Vision 2030 megaprojects which are Neom, Roshn, Qiddiya, and Diriyah Company.
Roshn was officially launched by the Saudi Public Investment Fund on 19 August 2020 as one of its 5 megaprojects, which are: Neom, Red Sea Project, Qiddiya, and Diriyah Company. [ 4 ] On 24 August 2022, Roshn secured naming rights to the Saudi Pro League in a five-year deal worth $127 million.
Project Location Total area (km 2) Announcement date Expected completion Cost Website NEOM, [3] including The Line and Trojena: Tabuk: 26,500 2017-10-24 2030 (first phase) $500 billion
Saudi Arabia’s Neom Media production hub and the kingdom’s Hakawati Entertainment have forged a strategic partnership to produce up to nine feature films and establish a new on-site services ...
Location of Saudi Arabia. Saudi Arabia is a sovereign Arab state in Western Asia constituting the bulk of the Arabian Peninsula.The country's command economy is petroleum-based but slowly diversifying; in 2017 58% of budget revenues and 85% of export earnings came from the oil industry.
Saudi Binladin Group (SBG; Arabic: مجموعة بن لادن السعودية, romanized: Majmūʿat bin Lādin al-Suʿūdiyya), known as Binladin Group Global Holding Company since 2019, [1] is a multinational construction conglomerate headquartered in Jeddah, Saudi Arabia.
The Neom project is the centrepiece of Saudi ruler Mohammed bin Salman's bid to reform the Saudi economy, moving it away from its reliance on fossil fuels towards innovation and tourism.