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Who is funding NEOM?
The aim of this company, which is wholly owned by the Public Investment Fund, the sovereign wealth fund, is to develop the economic zone of Neom. The project is planned to be totally powered by renewable energy sources. Nadhmi Al-Nasr is the chief executive officer of the Neom joint-stock company.
Who is building NEOM?
In July 2020, the US’s Air Products & Chemicals Inc announced that it will build the world’s largest green hydrogen plant in Saudi Arabia. The US$5 billion project will be jointly owned by Air Products, Saudi Arabia’s ACWA Power and Neom.
How wide is the line NEOM?
When completed, The Line will be 170 kilometres (110 mi) across, will preserve 95\% of the nature within Neom, and is planned to have 1 million residents.
What’s Neom, Saudi Arabia’s futuristic megacity?
Neom, an acronym for “New Future,” is a planned $500 billion futuristic megacity expected to cover 10,230 square miles in Northwestern Saudi Arabia abutting the Gulf of Aqaba. The place of the meeting indicates Neom’s strategic importance for Mohammad bin Salman’s foreign policy.
Is Saudi Arabia going nuclear?
Saudi Arabia Has Been Going on a Nuclear Shopping Spree. And this deal was announced on the heels of an agreement between Argentina and Saudi Arabia on nuclear R&D. And that’s all on top of the spike in chatter about Saudi Arabia making good on its arrangement to buy nukes off the shelf from Pakistan.
What is the new city in Saudi Arabia?
A new city in Saudi Arabia. Just off a desert road about an hour’s drive from this port city, an enormous arched gate capped by three domes rises out of the sand like the set for a 1920s silent film fantasy. It is, instead, a fantasy of contemporary urban planning, the site of what one day will be King Abdullah Economic City,…
What is the currency name in Saudi Arabia?
The Saudi Riyal is the name given to the official currency of Saudi Arabia. The Riyal has been the currency for the country since before the name Saudi Arabia existed.