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1.5 trillion dollar utopia: What does the NEOM project aim for?

By admin, Kasım 11, 2024






1.5 trillion dollar utopia: What does the NEOM project aim for?



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Crown Prince Mohammed bin Salman’s megacity project NEOMhas become a target of criticism, especially in recent times. NEOM will have historic significance for Saudi Arabia as recent reports reveal that the project combats corruption, worker deaths, racism and misogyny.

What is NEOM?

Neom is Saudi Arabia’s ambitious project aimed at diversifying the country’s economy and thus reducing its dependence on oil. Vision 2030 is a part of the project. 26.500 km²’lik The project, which will spread over an area, is located in Tabuk province in the west of the country. First announced by the Crown Prince in 2017, Neom is a combination of the Greek words “neo” meaning “new” and “mustaqbal” meaning “future” in Arabic.




1.5 trillion dollar utopia: What does the NEOM project aim for?



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Originally projected as a $500 billion project, the cost of the project is estimated by Bloomberg in an April 2024 report. to 1.5 trillion dollars is on the rise. Most of the key components of the project Completion in 2039 It is foreseen. While construction continues in the middle of the desert, time will tell whether the 1.5 trillion dollar investment will green NEOM. Neom, on the other hand, will consist of multiple zones, each hosting an ambitious project in terms of design, scale and imagination. But the most basic of NEOM from 5 important regions is formed.

The Line




1.5 trillion dollar utopia: What does the NEOM project aim for?



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Probably the best-known of all NEOM projects, The Line is being built as a 170-kilometer-long mirrored city line spanning 34 square kilometers across the desert. The city’s original plans included “vertically layered” buildings 500 meters high and 200 meters wide. Designed to be completely walkable, the city will run on at least 95 percent renewable energy. This line is the stage of a total population of 9 million in the city and transportation is planned to be completed in 5 minutes. As of October 2024, a 5 km central section is planned to be completed by 2030. The entire project is aimed to be constructed by 2045.

Oxagon




1.5 trillion dollar utopia: What does the NEOM project aim for?



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Oxagon will be an octagonal industrial town that will house an integrated industrial port and residential apartments. Oxagon will also run entirely on renewable energy. It will be located approximately 25 kilometers north of the town of Duba and will cover approximately 200-250 square kilometers of land, of which approximately 40 square kilometers will form the city. Oxagon is designed to focus on manufacturing, industrial research and development, which includes the former port of Duba, which has been renamed the “port of Neom”. This complex will include a desalination plant, a hydrogen plant and an oceanography research centre.

The project will extend into the Red Sea just south of the Suez Canal, a route through which about 13 percent of trade between Asia, Europe and the east coast of the United States is carried.

Floating industrial city Oxagon also plans to build a 1GW artificial intelligence data center. In an interview with Semafor, Oxagon CEO Vishal Wanchoo claimed that the first 400 MW phase could be signed this year. On the other hand, in whisper newspapers Elon MuskIt is rumored that he may also join NEOM. It is unclear whether this will be related to the data center at Oxagon, but there will be multiple data centers at NEOM. Musk’s idea of ​​building a data center for Tesla and xAI companies does not seem far-fetched. In fact, Musk made the following statement a while ago: “Big projects like Neom in Saudi Arabia stand the test of time, I find them surprising.”

Triple




1.5 trillion dollar utopia: What does the NEOM project aim for?



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The Trojena project, which will be the first large open-air ski resort in the Arabian Peninsula, was launched in 2022. The project is also expected to host the Asian Winter Games in 2029. The region is home to Saudi Arabia’s highest mountains, and Trojena “experiences sub-zero winter temperatures and has a year-round temperate climate that is cooler on average than the rest of the region,” according to the NEOM website. The lake on the left of the image will be constructed artificially.

Sindalah




1.5 trillion dollar utopia: What does the NEOM project aim for?



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In October 2024, Sindalah became the first NEOM region to be completed. NEOM announced that the project, which was developed in two years with the participation of four local contractors and 60 subcontractors, welcomed its first guests and started a new era in luxury tourism in Saudi Arabia. Located 5 km off the northwestern coast of NEOM, Sindalah covers an area of ​​840,000 square meters and plans to host 2,400 guests daily by 2028, employing 3,500 people and stimulating growth in Saudi Arabia’s hospitality and tourism sectors. Sindalah waters are home to 1,100 species of fish and more than 300 species of coral, 45 of which are endemic to NEOM. Sindalah offers 440 rooms, 88 villas and 218 luxury serviced apartments for accommodation.

Magna




1.5 trillion dollar utopia: What does the NEOM project aim for?



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Magna is envisioned as a luxury lifestyle coastal destination located on the shores of the Gulf of Aqaba. The region will host 12 major destinations spread over an area of ​​120 kilometers and will host a nature reserve that aims to be the “gold standard in sustainable tourism”. There are many projects under the Magna region. Most of these projects are related to tourism activities.

Other events at NEOM

On the other hand, NEOM, like all other mega projects, is at the center of various unpleasant events. In recent years, it has been reported that local people living in the area where NEOM was built were forcibly displaced. Colonel Rabih Alenezi, a former Saudi intelligence officer, confirmed this information in May 2024.

Another problem encountered is the slow progress of the projects. The Vision 2030 target will probably extend into the 2040s. The goal of finishing in 2030 is next to impossible for The Line. The project was aimed to accommodate 1.5 million of the 9 million population in 2030, but in current data this number has dropped to only around 300 thousand. Worker deaths continue to shake the foundations of the project. Additionally, it is stated that the ecological effects of huge projects have not been adequately investigated. Ultimately, the construction of a structure 170 kilometers long and 200 meters high is expected to have radical effects.






Source

https://www.thenationalnews.com/travel/2024/01/24/neom-communities-saudi-arabia/


https://www.neom.com/


https://indianexpress.com/article/explained/explained-global/neom-controversy-saudi-arabia-9587508/


https://www.businessinsider.com/saudi-arabia-vision-2030-projects-trillion-value-neom-2024-9


https://www.datacenterdynamics.com/en/news/oxagon-in-talks-to-construct-1gw-ai-data-center-in-saudi-arabia/


https://www.arabnews.com/node/2576988/business-economy






















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