Neom: An Overview
This visionary new development project will promote a new era in urban sustainability and champion the positive integration of technology in a mixed-use environment that puts wellness and lifestyle front and centre. The new landscape will include the Trojena mountains of Neom, the Oxagon, offering a blueprint for advanced and clean industries, and The Line, a record-breaking linear city over 100 miles long. It will also be home to its own airport, an alternative energy network, five-star hospitality venues, commercial districts and high-tech residential developments. All of this means that potential luxury property investors will have plenty to choose from when it comes to selecting the right fit for their budget and portfolio.
Invest in the Future
As anyone who has caught one of the magnificent promotional videos will attest, Neom is intended to be an ‘accelerator of human progress that will embody the future of innovation in business, livability and sustainability’. At Saudi Arabia Sotheby’s International Realty, we recognise the vast potential of a mixed-use real estate project of this size and calibre, particularly given its visionary goals and its unique investment opportunities across multiple industries. Investors of all types will be drawn to Neom for a variety of reasons including its pioneering approach to construction, its backing from the Public Investment Fund, its hosting of the world’s largest renewable hydrogen plant and its plan to utilise data to fundamentally improve our quality of life.
A New Saudi Arabia
The sheer volume and calibre of the impressive new development projects like Neom are a reflection of the new direction that Saudi Arabia is headed in and the new ways in which they are perceived by the global community. The government of Saudi Arabia is certainly committed to a new era of possibilities with a healthy, diversified economy. Mixed-use real estate projects like Neom also help to highlight the additional benefits of luxury property investment in Saudi Arabia such as its progressive evolution towards international norms and geographical location at a key economic crossroads that links global markets across three continents.
If you would like to find out more about Neom and other real estate investment opportunities, get in touch with one of our consultants at Saudi Arabia Sotheby’s International Realty today.