Media ININ Economy We Trust
MediaIn – Abu Dhabi
Rasha Mohammed \ Saudi Arabia
In a pioneering step towards realizing Saudi Arabia Vision 2030, Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince of Saudi Arabia, has launched the Neum project to be a special zone extending from three countries, including a new vital destination in the northwest of the Kingdom. It’s a collaboration of the best thinkers and companies, to exceed the limits of innovation to the highest levels of human civilization.
Development Area of Opportunities
The project is located in the north west of the Kingdom and includes land within the Egyptian and Jordanian borders, providing many development opportunities with a total area of 26,500 Km.
The project has a number of unique advantages, including: proximity to markets and global trade routes, the Red Sea passing through 10% of the world trade movement, and connecting Asia, Europe, Africa and America to each other, 70 of the world’s population reach the site within 8 hours maximum.
Valuable advantages
The project offers valuable benefits to companies and individuals, meets the needs of Saudi Arabia, attracts the best companies and professionals from all over the world and provides direct access to the Saudi market alongside international markets. Also, its importance comes from the strategic location of the region being a focal point for the three continents, and funding local projects. Moreover, it provides a regulatory environment for specific and specific sectors, encouraging global trade laws, and indirectly redirecting Saudi spending abroad to the Neum project.
The project will contribute to the Kingdom’s GDP growth and enhance the region’s importance by developing economic sectors that address economic leakage. The project economy will mix traditional and future sectors with a major focus on future sectors to increase exports to the region and the world.
It will also contribute to the creation of jobs in the private sector, while the city aims to nurture innovation and put the Kingdom on track to become a pioneer in future sectors. The Neum project will be an attractive place to live and to transform business or start new business.
Contributes to achieving Vision 2030
Naum aims to achieve the vision of the Kingdom 2030 to provide a business-friendly environment and systems, provide incentives to attract foreign companies and investments, and making a strong contribution to GDP; redirecting some external financial leaks into the Kingdom.
The project’s contribution to the Kingdom’s GDP may reach $ 100 billion by 2030 and may even exceed that, and per capita GDP in this particular region will be the highest in the world.
9 key sectors for the future
The project aims to develop key economic sectors for the future. Nine sectors have been identified to enhance the economic presence of the project: Future of energy, water, mobility, biotechnology, future of food, future of advanced manufacturing, global production, technical and digital sciences, entertainment and the future of living as a mainstay for other sectors.
