NEOM, the developer of Saudi futuristic city, has unveiled its new luxury lifestyle coastal destination - Magna - on the stunning Gulf of Aqaba coastline as the latest addition to its evolving regional development in northwest Saudi Arabia.

Part of NEOM’s regional sustainable tourism portfolio, Magna comprises the recently announced premier destinations of Leyja, Epicon, Siranna, Utamo, Norlana, Aquellum, Zardun, Xaynor, Elanan, Gidori, Treyam and Jaumur.

The twelve destinations will span 120 km and are poised to set a new global standard in luxury sustainable tourism.

Announcing the premium project today (June 5), the NEOM Board said as the physical embodiment of the ambitious and future-focused Saudi Vision 2030, Magna will be developed with a core focus on cutting-edge technology, world-class architecture, and ultra-modern amenities that effortlessly merge with nature.

Each destination is individually unique, with its own distinct offering for residents and guests, yet seamlessly blends to form a unified destination, it stated.

They will be woven together by the conservation, preservation, and rejuvenation of native flora, fauna, and the breathtaking natural landscape.

The development will comprise 15 luxury hotels, 1,600 hotel rooms, suites and apartments, and over 2,500 premium residences across its destinations, it added.

On the new project, CEO Nadhmi Al Nasr said: "NEOM’s premier coastal region of Magna is a treasure of tomorrow, steeped in natural beauty and advanced technology. Aligned with our three pillars of redefining business, conservation, and livability, Magna will play a key role in building a strong tourism ecosystem within NEOM."

Magna presents an unprecedented opportunity for investors and developers to be part of one of the world’s most pioneering projects, with sustainability embedded in every stage from design to construction, and long-term maintenance.

"Importantly, Magna will contribute positively to the national economic diversification efforts and to the broader Saudi Vision 2030 goals, helping to position the Kingdom as a global leader in luxury tourism," he added.

According to NEOM, Magna and its destinations will stimulate the kingdom’s economy by creating 15,000 jobs across the tourism, leisure, and hospitality sectors in line with the transformative Saudi Vision 2030.

The development is projected to contribute SAR2.6 billion to the kingdom's GDP by 2030, accommodate 14,500 residents, and welcome more than 300,000 overnight visitors annually, it added.-TradeArabia News Service

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