According to Nadhmi Al-Nasr, CEO of NEOM, the space-age city project has made great progress, with 20% of its infrastructure already completed. During a recent interview at the World Economic Forum in Davos, Al-Nasr provided an update on the project’s progress.
NEOM is a 10,230m2 development that aspires to be a center for innovation, sustainability, and quality of life. The Saudi government has funded the initiative, which has garnered international attention for its audacious vision. The project is well on its way to providing infrastructure to areas geared up for construction, with 20% of the infrastructure finished.
The Saudi government has funded the initiative, which has garnered international attention for its audacious vision
According to Al-Nasr, the NEOM project is on track and proceeding as anticipated. The CEO stressed the significance of the initiative, noting that NEOM will play a significant role in defining the region’s future. He also mentioned how the project will open up new avenues for investment, innovation, and economic growth.
The project has encountered some difficulties, including the Covid-19 pandemic and the resulting economic crisis. Despite these hurdles, Al-Nasr noted that the project is resilient and has continued to progress.