Neom, a massive new dev elopment coming up in northwest Saudi Arabia on the Red Sea, successfully concluded a four-day gathering of 150 leading companies from across the world’s design and construction industry. 

 

The meeting took guests through Neom’s ambitious vision and plans that support Saudi Arabia’s Vision 2030 and His Royal Highness Mohammed bin Salman’s directive to build a better future, said a statement. 

 

Attendees visited the Neom Logistics Park, which includes new construction villages that support labour communities up to 30,000 as well as offices, warehouses, and construction service establishments. The 12  sq km park will be one of the world’s largest temporary logistics centers and serve all future phases of construction in the coming years.

 

“Neom is committed to the future of design and construction and positively disrupting the way projects are delivered, leaving a lasting industry legacy. The scale and complexity of this project requires strong partnerships between Neom and the entire industry value chain to make Neom’s vision a reality,” said Nadhmi Al-Nasr, CEO of Neom. 

 

Commenting on the gathering and the immediate and long-term opportunities for local and international contractors, Brett Smythe, Chief Projects Officer at Neom, said: “The response we saw confirms there is extremely strong industry interest in what we are trying to achieve here, not just because of the unprecedented size of the project, but also because of the way we are executing it. We are serious about building Neom in a completely different way and are steering the industry toward technological advancement, greater innovation, and efficiency. Partners who work with us will benefit from our business-friendly operating model, a positive contracting approach and can leverage our base logistics infrastructure. Our teams are already delivering – and we’re open for business.”

 

A cornerstone of Vision 2030 that is driving economic diversification in the Kingdom, Neom is a project of unique scale, aiming to contribute 380,000 jobs and SR180 billion ($50 billion) to domestic GDP by 2030. 

 

Neom is an accelerator of human progress and a vision of what a new future might look like. It is being built from the ground up as a living laboratory – a place where entrepreneurship will chart the course for this new future. It will be a destination and a home for people who dream big and want to be part of building a new model for exceptional livability, creating thriving businesses, and reinventing environmental conservation.   

 

Neom will be the home and workplace to more than a million residents from around the world. It will include hyperconnected, cognitive towns and cities, ports and enterprise zones, research centres, sports and entertainment venues, and tourist destinations. As a hub for innovation, entrepreneurs, business leaders and companies will come to research, incubate and commercialise new technologies and enterprises in ground-breaking ways. Residents of Neom will embody an international ethos and embrace a culture of exploration, risk-taking and diversity - all supported by a progressive law compatible with international norms and conducive to economic growth, the statement said. - TradeArabia News Service