Here is a fact sheet of ten things to know about Neom:
1. Neom is a one-of-its-kind industrial zone which will span three countries: Saudi Arabia, Jordan and Egypt. It will be adjacent to the Red Sea and the Gulf of Aqaba and near maritime trade routes that use the Suez Canal.
2. The 26,500 square km (10,230 square mile) zone, will focus on industries including energy and water, biotechnology, food, advanced manufacturing and entertainment.
3. Neom will be powered entirely by wind and solar energy.
4. The Saudi government, the kingdom’s Public Investment Fund, and local and international investors are expected to put more than half a trillion dollars into the zone in coming years, Prince Mohammed said.
5. In advertisements for Neom, women are shown working along side men.
6. Prince Mohammed appointed Klaus Kleinfeld, a former chief executive of Siemens AG and Alcoa Inc, to run the Neom project.
7. Neom’s high-tech world imagines repetitive tasks being outsourced to robots or fully automated.
8. Neom is developed to be independent of the Kingdom’s existing governmental framework, excluding sovereignty.
9. The industrial and scientific zone’s strategic location will ensure it emerges as a global hub connecting Asia, Europe and Africa.
10. Riyadh said it was in contact with potential investors and the project’s first phase would be completed by 2025.
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