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|21 March, 2019

Saudi Arabia to build NEOM's first city by 2020 – official

Saudi King Salman bin Abdulaziz met last August with the cabinet for the first time in Neom city

Saudi Arabia's King Salman bin Abdulaziz Al Saud attends the 2019 budget meeting in Riyadh, Saudi Arabia December 18, 2018.

Saudi Arabia's King Salman bin Abdulaziz Al Saud attends the 2019 budget meeting in Riyadh, Saudi Arabia December 18, 2018.

REUTERS/Handout.

Riyadh –  Saudi Arabia on Thursday announced the beginning of establishing a city in NEOM project, the megaproject’s CEO of city Transformation Agency said.

Set to span over 45,000 kilometres, the city will be completed in 2020, Antoni Vives added.

In mid-January, the project’s board approved the master plan for developing the first urban area in the NEOM megaproject.

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On 29 January the kingdom unveiled the launch of “NEOM Company”.

Saudi King Salman bin Abdulaziz met last August with the cabinet for the first time in Neom city.

In October 2018, the GCC nation stated it forecast operation for the first airport in its multi-billion mega city NEOM to commence ahead of the 2018-end.

NEOM was launched in 2017 by the Saudi Crown Prince Mohammed bin Salman with total expected investments of $500 billion.

Source: Mubasher

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