When we talk about Saudi Arabia, many people think of oil and a quasi-traditional life, far from the standards of modernity. That said, for almost a decade, the face of the country has been changing with progressive opening and modernization. The country has therefore become a magnet for the most ambitious investment projects. With its proposals for futuristic cities, modern industrial complexes and its floating islands, NEOM promises to participate in the creation of a new era of prosperity in Saudi Arabia. Here is the essential thing to know about the different aspects of NEOM and the promising investment sectors it offers.
Plan de l'article
The Line is one of several projects incorporating the Kingdom of Saudi Arabia’s “Vision 2030” for sustainable development. It is a futuristic city 170 km long, capable of accommodating up to 9 million people. This NEOM Investment Opportunities initiative is built around three fundamental pillars, the absence of cars, pollution and CO2. To meet these ambitious challenges, cutting-edge technologies will be implemented. We are thinking in particular of hyper-fast connectivity, autonomous transport and renewable energy.
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The Line’s success will depend on overcoming several major obstacles. Building a city of this scale represents a colossal technical and financial challenge. In addition, social integration and the creation of an attractive living environment for residents will be key points to succeed. When these challenges are overcome, we can hope to have the promised modern and smart city by 2030. If things develop at the right pace, the kingdom could take the place of the most tourist destination from regions like Doha or Dubai.
What are the investment sectors proposed by the project?
Overall, the project offers a wide range of investment opportunities in key sectors for the future. For its futuristic city, it is essential, for example, to invest in many areas.
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Artificial intelligence and robotics
As indicated above, NEOM aims to become a global hub for artificial intelligence and robotics. The city will therefore be equipped with cutting-edge digital infrastructure and will attract the best talents from around the world. Investments must therefore be made in the development of AI software and algorithms or in robotics and AI applied to the field of health.
Life sciences and biotechnology
To guarantee the health and well-being of the inhabitants of these futuristic hubs, NEOM aims to create centers of excellence for life sciences and biotechnology. The city will then host cutting-edge research laboratories, innovation centers as well as world leaders in the pharmaceutical industry. Potential areas of investment include:
- Drug research and development;
- Gene and cell therapies;
- Personalized medicine;
- Diagnostic and medical imaging technologies…
Construction and infrastructure
For the city to stand out from the rest, it must be built using sustainable and smart building technologies. This involves a major challenge in terms of engineering and architecture. To succeed in its bet, NEOM will have to invest in:
- Sustainable building materials;
- Smart building technologies;
- Waste and water management;
- Renewable energies …
Entrepreneurship and innovation
In its The Line project, NEOM dreams of creating business incubators and a global innovation hub. The city will provide a favorable environment for startups and entrepreneurs. NEOM will, however, have to invest in areas such as Fintech; Edtech, GreenTech, HealthTech and more. The possibilities are numerous.
That said, with a budget of more than $500 billion, we can be sure that nothing will be left to chance.
