If you’re unfamiliar with the concept of NEOM, it’s a futuristic megacity that will have no roads and no cars. That’s right, there will be no cars and no emissions. But is this project sustainable? And how will a future megacity live up to its promises?
NEOM is a futuristic mega-city
The name NEOM is a combination of Greek and Arabic. In Arabic, NEO means new and futurist. The word was then merged with the first letter of the Saudi Arabian name, MBS. The city is located in Tabuk province, near the border with Egypt and Jordan.
The Neom project is part of the Saudi Arabian government’s “Vision 2030” plan, a plan to move away from oil dependence and move toward a diversified economy. The goal of the project is to build a world-class city with a population of around 9 million people and $100bn in annual revenue. Neom is the brainchild of Saudi Crown Prince Mohammed bin Salman. The city will be the size of Belgium and will feature massive buildings linked to each other.
The Neom project is Saudi Arabia’s first attempt at a futuristic mega-city. The kingdom’s Vision 2030 plan includes a plan for a city that is designed to be environmentally friendly and run by renewable energy. The mega-city is also set to be run by artificial intelligence and will be interconnected. Residents of Neom will be encouraged to walk and bike instead of driving.
It will have no roads
The Crown Prince of Saudi Arabia and Chairman of the NEOM Company announced that the first phase of the NEOM megacity will have no roads and no cars. Instead, residents will travel on a rapid transit system powered by 100% green energy. The development is part of the Saudi government’s diversification strategy as oil sales fall. If the project is successful, it could bring in $500 billion for the Saudi economy, and will provide over 380,000 jobs.
The city will be designed with hyper proximity in mind, which means key amenities will always be within five minutes’ walking distance. The transit system is designed to make travel as easy as possible, with journeys lasting no longer than 20 minutes. Additionally, residents will have access to nature at any time. Approximately 95% of the land will be preserved.
The development will be a giant experiment in sustainable development. Saudi Arabia is already planning to invest $500 billion in NEOM over the next 10 years. The Saudi government and other global investors have committed to a zero car, zero street, zero emissions city.
No cars
The Saudi Arabian Government has announced plans for a futuristic, artificial intelligence-powered city that will have no cars. The concept is called ‘Zero Gravity Urbanism’. It will be a one hundred and seventy kilometer belt of communities connected without the use of cars. It is being built in Tabuk Province in the northwestern part of the country. It will be one hundred and seventy meters wide and 500 meters high.
Saudi Arabia has promised to invest $500 billion in the project over a period of ten years. That’s more than the current population of London and New York combined. So, NEOM’s infrastructure needs to be designed for that kind of population growth. The project also promises to use renewable energy to power the city. Its developers claim that the city will be powered by renewable energy all year long. It will also have a micro-climate and a bio dome.
NEOM is aiming for a city that is carbon-free and emissions-free. All vehicles will be powered by renewable energy. Wind and solar energy will be used to power the city’s infrastructure. The glass facades of the buildings will be 200 meters wide. Its design aims to make everything five minutes walkable. The city will also have a climate that is pleasant all year round.
No emissions
Saudi Arabia has repeatedly pushed back against international climate commitments by watering down its rhetoric and downplaying the urgency of the problem. However, a government spokesman recently denied accusations of greenwashing and insisted that the country is moving toward a green future. The Neom project has yet to meet its promises, and many climate experts are skeptical of the project.
The NEOM project has ambitious plans to build a zero-emission city. It will stretch over 150 miles, have six-story buildings and will be powered by 100% renewable energy. It is also expected to be powered by high-speed rails, with a 20-minute transit time.
The development of NEOM is part of the Kingdom’s efforts to become a greener and more sustainable country. The project is currently under construction, but is scheduled to be finished in 2025. It will involve an estimated $200 billion in infrastructure. It will include ports, towns, enterprise zones, sports and entertainment facilities, and tourist destinations.
It is part of Saudi Arabia’s Vision 2030
The Neom project is part of Saudi Arabia’s ambitious vision for the future. Already, the country has built palaces for its royal family and satellite images show a golf course and helipad. The development is expected to generate 380,000 new jobs and contribute US $48 billion to the country’s GDP by 2030. Moreover, the project is a major part of the country’s $500 billion Neom Project.
The NEOM project consists of several sub-projects that focus on the modern world, using technology to improve the quality of life. It also emphasizes on sustainability and innovation, while reducing the country’s dependence on oil. Changes in the oil supply can have a huge impact on the Saudi economy. By focusing on these issues, NEOM plans to develop an economy that is more resilient to global shocks.
The vision for NEOM includes a new city that aims to be a model for future urban communities. It will be powered by 100 per cent renewable energy, and its design will put human needs first. The project’s development will also protect the environment and the health of its inhabitants.
It will sell shares to the public in 2024
The Saudi government has announced plans to list NEOM on its local stock market by 2024. This will allow the company to raise more than a trillion riyals in equity. It will also provide a boost to the country’s stock market, which could rise to more than five trillion riyals by 2030. The plan also includes listing all of the other entities owned by the Public Investment Fund.
In addition to launching the initial public offering, Saudi Arabia is planning to establish an investment fund to invest in the companies operating on Neom. The fund will initially have $80 billion, but may grow to around $106 billion. The funds will be used to finance the development of a diverse range of companies within the project.
Neom is an economic hub for Saudi Arabia that will likely be one of the world’s largest. The project will include an industrial city, a ski resort, and a mountain. It is expected that the population of the city will be between 1.5 and two million by 2024. The region will eventually cover more than two million square kilometers and be one of the world’s largest urban areas.
It is controversial
The controversial NEOM project in Saudi Arabia has come under fire over human rights concerns. The Saudi government has been accused of killing members of the Huwaiti tribe, a minority in the area. Saudi Arabia has a poor human rights record and views homosexuality as a crime. In response to the controversy, Riot withdrew from the project.
While NEOM has faced criticism for the policies that it promotes, the project is an important part of Saudi Arabia’s vision for greener development. Saudi Crown Prince Mohammed Bin Salman recently announced a goal of becoming carbon-neutral by 2060. Critics of the project, however, claim that the project is greenwashing.
The controversial plans for NEOM’s mega city have undergone several changes over the years. In fact, strategy documents obtained by the Wall Street Journal in 2019 outline several megaproject proposals. Among them are robot maids, flying taxis, and cloud seeding to increase rainfall in the desert. The project is also controversial in that it would force the eviction of two indigenous communities, displacing thousands of Al-Huwaitat tribe members.
Riot has established a separate ethics committee to review its esports partnership with NEOM. The committee, which includes outside advisors, will review partnerships and evaluate the company’s corporate philosophy. The committee will also look at the company’s relationships with global partners. The ethics committee was created after Riot announced the partnership with the Saudi-based NEOM.
