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The Latest Breaking News from Nadhmi AlNasr

What is Neom? The $500 billion Saudi Arabian ‘smart city’ is 33 times the size of New York

Leyja announced as latest entity within Mohammed bin Salman’s project

Evening Standard · Oct 17, 2023

NEOM CEO: We Will Be Model for New Economy Modern Projects, Cities

NEOM will be a model for modern projects and cities that represent the focus of the new economy, said CEO Nadhmi Al-Nasr. It will do so by embracing many different companies and industries while attracting qualitative foreign investments. Al-Nasr pointed to NEOM’s efforts in implementing a circular economy based on…

Asharq Al-Awsat · Jan 26, 2023

Saudi Arabia Invests in Electric Urban Air Mobility

NEOM, the smart and sustainable regional development in northwest Saudi Arabia, announced Wednesday a $175 million investment in Volocopter, the pioneer of Urban Air Mobility. The investment is part of NEOM’s efforts to take a significant equity stake in Volocopter, positioning it as a leader in future mobility solutions. NEOM…

Asharq Al-Awsat · Nov 3, 2022

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Saudi Arabia is planning the largest buildings ever constructed

RIYADH: Saudi Arabia is planning the world’s largest buildings in a mostly unpopulated part of the country as part of an entirely new $500 billion development called Neom, according to people familiar with the matter.

The Times of India · Jun 1, 2022

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