Saudi Arabia’s $1 trillion giga-project, Neom, is opening for business, and the second progress film provides proof to critics. Crown Prince Mohammed Bin Salman’s infrastructural marvel is taking shape with the addition of a new $2 billion port.

Via Youtube / @NEOM


HRH Prince Mohammed Bin Salman’s vision and ambition to transform the way of life is evident, particularly with the $1 trillion Neom City evolving into a magnificent reality. The Giga project showcases developments such as the 170km vertical city strip known as ‘The Line,’ as well as Oxagon, Sindalah, and Trojena. There have been significant advancements since the last progress update in January 2023.

A three-minute video served as compelling evidence: ‘Neom is Real.’ Since the last progress video shared in January, the second video, released on October 11, 2023, showcased substantial progress in Neom’s key areas. Currently, 60,000 workers are actively involved, supported by over 3,000 employees from 90 nations. These efforts are boosted by substantial investments and backed by top-tier partners and talent from over 90 countries.

Via Youtube / @NEOM

The video highlighted construction milestones, including significant infrastructure projects such as roads, utilities, and an already-constructed hospital. Remarkable advancements have been made in ‘The Line,’ the clean industry hub Oxagon, luxury island destination Sindalah, and the ski village Trojena. Additionally, a $2 billion investment is channeled into developing the gigacity’s port, which is already under construction.

Also read -  Saudi Arabia's Neom unveils Treyam, a one-of-a-kind luxury resort for active adventure seekers, which will have the world's longest rooftop infinity pool. Stretching for 450 meters and offering breathtaking views of the lagoon it will dethrone the Marina Bay Sands in Singapore.

Construction work shaping up Oxagon. Via Youtube / @NEOM

This breathtaking development is on track, with the first advanced container terminal set to be operational by 2025, accompanied by a fully functional airport connecting Neom to the world.

Powering Neom would be the worlds largest green hydrogen plant. Via Youtube / @NEOM

The video offers viewers a glimpse into the world’s largest green hydrogen plant, set to be operational by 2026 under the NEOM Green Hydrogen Company. This joint venture with Air Products and Acwa Power is groundbreaking. The dream of living in Neom will soon be realized, with a whopping $5.6 billion investment slated to initiate the construction of ten residential communities, housing an impressive 95,000 residents.

Also read -  Unfortunately for Saudi Crown Prince MBS, his dream project of Neom City is mired in such heavy budget cuts that not only 'The Line' but all of his recently announced luxury developments may have to significantly scale back in size and vision.

Via Youtube / @NEOM

This mega project symbolizes the convergence of people and the planet, reinventing cities and lifestyles. “Many say projects in Saudi Arabia, like Neom, are ‘too ambitious’,” remarked Crown Prince MBS. “They can keep making those claims, and we’ll keep proving them wrong.” He continued, “By 2030, we’ll max out Saudi Arabia’s current infrastructure. This underscores the urgent need to build new cities. Beyond engineering and design, we need art. The entire city is a masterpiece. It’s vast, grand, and absolutely feasible. Saudi Arabia envisions a new civilization for the future, urging other nations to join us in this endeavor for a better planet. The result will be both innovative and transformative.”

Construction at Trojena, site for the upcoming 2029 Asian Winter Games. Via Youtube / @NEOM

The monumental $1 trillion Neom project is backed by Saudi Arabia’s sovereign $700 billion Public Investment Fund (PIF). The first phase of the project is scheduled for completion by 2025.

Tags from the story
,
Written By
With over 15 years of experience in luxury journalism, Neha Tandon Sharma is a notable senior writer at Luxurylaunches. Her expertise spans luxury yachts, high-end fashion, and celebrity culture. Beyond writing, her passion for fantasy series is evident. Beginning with articles on women-centric gadgets, she's now a leading voice in luxury, with a fondness for opulent superyachts. To date, her portfolio boasts more than 2 million words, often penned alongside a cappuccino.