What does the name "Neom" means?
The name "Neom" was constructed from two words. The first three letters form the Ancient Greek prefix neo- meaning “new”. The fourth letter is from the abbreviation of Mostaqbal (Arabic: مستقبل), an Arabic word meaning “future.”
Where will be "Neom" build?
The Neom project is located in Tabuk, Saudi Arabia in the northwest of the Kingdom, extended along with Aqaba Gulf and 468 km of coastline with beaches and coral reefs, as well as mountains up to 2,500 m high, with a total area of around 26,500 sq. km.
What is it's Goal?
Neom (styled NEOM; Arabic: نيوم Niyūm) is a Saudi project for a smart and tourist cross-border city planned for construction, The project is located in the far north-west of Saudi Arabia it will be constructed in Tabuk. It includes marine land located within the Egyptian and Jordanian borders. It will provide many investment opportunities with a total area of 26,500 km2 (10,200 sq mi) and will extend 460 km on the coast of the Red Sea.
What are the purposes of its Goal?
The project aims to transform Saudi Arabia into a leading global model in various aspects, one of the main objectives of the project is to seek ways of cooperation and investment with a wide network of international investors and innovators, and aims to focus on advanced industries and advanced technology. The first phase will be completed by 2025. The project was supported and funded by the Saudi Public Investment Fund of $ 500 billion.
The city was announced by Saudi Crown Prince Mohammad bin Salman at the Future Investment Initiative conference in Riyadh, Saudi Arabia on October 24, 2017. He said it will operate independently from the “existing governmental framework” with its own tax and labor laws and an "autonomous judicial system."
The initiative emerged from Saudi Vision 2030, a plan that seeks to reduce Saudi Arabia's dependence on oil, diversify its economy, and develop public service sectors. Ghanem Nuseibeh told Inverse that the Saudi intention was "..to shift from oil to high tech and put Saudi kingdom at the forefront of technological advances. This is the post-oil era. These countries are trying to flourish beyond oil exporting and the ones who don’t will be left behind." The German Klaus Kleinfeld, former chairman and CEO of Alcoa Inc., and former president and CEO of Siemens AG, will direct the development of the city. Plans call for robots to perform functions such as security, logistics, home delivery, and caregiving and for the city to be powered solely with wind and solar power. Because the city will be designed and constructed from scratch, other innovations in infrastructure and mobility have been suggested. Planning and construction will be initiated with $500 billion from the Public Investment Fund of Saudi Arabia and international investors. The first phase of the project is scheduled for completion by 2025.
For High Technologies > Losing List:
Oil Based Fuel Vehicles will be gone
Paper Printed Money will be gone
Taxi with Driver and Delivery Man will be fired
All the Personal Assistants will be fired
Computer of today will be lost from market
High Technologies > Gaining List:
Electric Rechargable Vehicles will Come
Digital Transit will take place of Money
Driverless less vehicle and Drone delivery
Robot will be replaced with Personal Assistant
CRISPR Cas-9 (Clustered Regularly Interspaced Short Palindromic Repeats)
Elimination of > Huntington, Parkinson etc.