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FACT SHEET on NEOM Project 

press release

HRH the Crown Prince Mohammed bin Salman announces: NEOM – The Destination for the Future

NEOM incorporates the new way of life and the strategic crossroads in trade, innovation, and technology with livability at its core

  • NEOM aspires to be the safest, most efficient, most future oriented, and best place to live and work
  • NEOM is developed independent of the Kingdom’s existing governmental framework with investors, businesses, and innovators consulted at every stage of development
  •  NEOM’s unique location connects Asia, Europe, and Africa, will include the world’s most significant and promising economic sectors
  • NEOM land expands over 26,500 km2; its location will facilitate NEOM’s rapid emergence as a global hub that has the potential to bring together the best of Arabia, Asia, Africa, Europe and America
  • NEOM will be backed by more than $500 billion over the coming years by the Kingdom of Saudi Arabia, the Saudi Arabian Public Investment Fund, local as well as international investors

His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister and Chairman of the Public Investment Fund (PIF), today announced the launch of NEOM.

NEOM is born from the ambition of Saudi Arabia’s Vision 2030 to see the country develop into a pioneering and thriving model of excellence in various and important areas of life. NEOM aims to thrive the transformation of the Kingdom into a leading global hub through the introduction of value chains of industry and technology.

“NEOM will focus on nine specialized investment sectors and living conditions that will drive the future of human civilization, energy and water, mobility, biotech, food, technological & digital sciences, advanced manufacturing, media, and entertainment with livability as its foundation. The focus on these sectors will stimulate economic growth and diversification by nurturing international innovation and manufacturing, to drive local industry, job creation, and GDP growth in the Kingdom. NEOM will attract private as well as public investments and partnerships. NEOM will be backed by more than $500 billion over the coming years by the Kingdom of Saudi Arabia, the Saudi Arabian Public Investment Fund, local as well as international investors”, said HRH Prince Mohammed bin Salman, Crown Prince and Chairman of the Public Investment Fund (PIF).

NEOM commands a unique location to bring together the best of Arabia, Asia, Africa, Europe and America.

NEOM resides in the Northwestern region of Saudi Arabia, and spans over 26,500 km . Overlooking the waterfront of the Red Sea to the South and the West, and the Gulf of Aqaba, NEOM enjoys an uninterrupted coastline stretching over 468 km, with a dramatic mountain backdrop rising to 2,500 m to the East. A constant breeze leads to mild temperatures. The wind and sun will allow NEOM to be powered solely by regenerative energy.

NEOM is situated on one of the world’s most prominent economic arteries, through which nearly a tenth of the world’s trade flows. Its strategic location will also facilitate the zone’s rapid emergence as a global hub that connects Asia, Europe and Africa, enabling 70% of the world’s population to reach it in under eight hours, which brings the potential to combine the best of major global regions in terms of knowledge,technology, research, teaching, learning, living and working.

The site will also become the main entrance to the King Salman Bridge, linking Asia and Africa, which will add to the zone’s economic significance. NEOM’s land mass will extend across the Egyptian and Jordanian borders, rendering NEOM the first private zone to span three countries.

Investments and financing will play a vital role in NEOM, set to be spearheaded by the Kingdom’s economy and supported by PIF – a major global fund with access to a worldwide network of investors and major companies — set to be brought onboard to drive the success of NEOM.

With the ambition of becoming one of the world’s future economic and scientific capitals, in addition to being the future commerce capital of Saudi Arabia, NEOM is set to attract new foreign direct investment that will contribute to PIF’s long-term growth strategy aimed at strengthening the Saudi Arabian economy.

NEOM is developed to be independent of the Kingdom’s existing governmental framework, excluding sovereignty. NEOM will adopt a regulatory framework that fosters technological as well as societal innovation and entrepreneurship in accordance with international best practices. Investors, businesses, and innovators will be consulted at every step of the development in how best to create the economic framework, design the urban plans, and attract top quality talent that will drive the growth of this zone and its resident population.

“NEOM will be constructed from the ground-up, on greenfield sites, allowing it a unique opportunity to be distinguished from all other places that have been developed and constructed over hundreds of years and we will use this opportunity to build a new way of life with excellent economic prospects. Future technologies form the cornerstone for NEOM’s development: Disruptive solutions for transportation from automated driving to passenger drones, new ways of growing and processing food, healthcare centered around the patient for their holistic well-being, wireless high speed internet as a free good called “digital air”, free world-class continuous online education, full scale e-governance putting city services at your fingertips, building codes that make net-zero carbon houses the standard, a city layout that encourages walking and bicycling and all solely powered by renewable energy just to name a few. All of this will allow for a new way of life to emerge that takes into account the ambitions and outlooks of humankind paired with best future technologies and outstanding economic prospects”, His Royal Highness Prince Mohammed bin Salman added.

NEOM will achieve its ambitious goals of becoming among the top secure areas in the world – if not the most– by adopting the future technologies in the fields of security and safety. This will raise the standards of public life activities and ensure the safety and protection of residents, visitors, and investors.

All services and processes in NEOM will be 100% fully automated, with the goal of becoming the most efficient destination in the world, and in turn be implemented on all activities such as legal, government, and investment procedures among others. Additionally, NEOM will be subject to the highest sustainability standards, and will provide all transactions, procedures, and claims through paperless and electronic means.

A new concept for the workforce will be implemented, based on attracting high-caliber human resources with unique competencies for full-time innovation, decision making and business leadership. Repetitive and arduous tasks will be fully automated and handled by robots, which may exceed the population, likely making the NEOM’s GDP per capita the highest in the world. All these elements will put NEOM at the world’s forefront in terms of efficiency which will make it the best destination in the world to live in.

For further information on NEOM please visit DISCOVERNEOM.COM

  • October 26, 2017

J’ai le plaisir de vous présenter la dernière édition de la newsletter de l’ambassade du Royaume de l’Arabie saoudite auprès de la Belgique et de l’Union Européenne.

 

Focus sur L’Arabie Saoudite – Juillet 2017

Dans ce numéro:

Boycott diplomatique du Qatar

Nomination d’un nouveau prince héritier

Contribution de l’Arabie saoudite au sommet du G20

Encourager davantage de femmes à travailler

Soutenir la croissance des PME

 

Pour la consulter, merci de visiter notre site web ici.

 

En vous souhaitant une bonne lecture,

 

Abdulrahman S. Alahmed

Ambassadeur

  • July 31, 2017

 50 years of Partnership

On the occasion of the 50th anniversary of Saudi-EU cooperation and partnership, the Mission of the Kingdom of Saudi Arabia is Pleased to present an (Illustrated photo Guide) that we hope will give you a historical overview of the cordial relations that have blossomed between the Kingdom of Saudi Arabia and the European Union over the past 50 years. This selection shows some of the highlights of this cooperative relationship and its development into the strong and trusted diplomatic ties that we enjoy today.

Read More 

 

 

 

  • July 28, 2017

Judicial review on UK arms sales to Saudi Arabia 

The High Royal Court of Justice in UK has dismissed the claim brought by the Campaign Against Arms Trade against the UK Secretary of State for International Trade

There are a number of key conclusions made by Lord Justice Burnett and Mr. Justice Haddon-Cave in their judicial review. In summary, the Court held that “…the Open and Closed evidence demonstrated that the Secretary of State was rationally entitled to conclude as follows:

  1. the Coalition were not deliberately targeting civilians;
  2. Saudi processes and procedures have been put in place to secure respect for the principles of International Humanitarian Law;
  3. the Coalition was investigating incidents of controversy, including those involving civilian casualties;
  4. the Saudi authorities has throughout engaged in constructive dialogue with the UK about both its processes and incidents of concern;
  5. Saudi Arabia has been, and remains, genuinely committed to compliance with International Humanitarian Law; and
  6. there was no ‘real risk’ that there might be ‘serious violations’ of International Humanitarian Law (in its various manifestations) such that UK arm sales to Saudi Arabia should be suspended or cancelled”

In its conclusion, the review also notes the Saudis continue to seek to improve their process and increase the professionalism of their Armed Forces. It also states that Saudis have been receptive to high-level military visits from the UK and have shown willingness to learn from UK experience and take on board UK advice.

The full judicial review can be read here. A summary of the judicial review can be read here

  • July 13, 2017