Home GCC Saudi Arabia Saudi King heads to $500bn mega city NEOM for holiday Construction work on the $500bn NEOM project is slated to begin this year by Staff writer July 17, 2019 Saudi King Salman bin Abdulaziz Al Saud arrived in the kingdom’s upcoming new mega city NEOM on Tuesday where he will spend some time as part of a “private vacation”, the official Saudi Press Agency reported. The $500bn NEOM project is a 26,500sqm business zone announced in 2017 by Crown Prince Mohammed bin Salman as a tech hub, job creator and centre for foreign investment. King Salman went on a holiday to NEOM last July as well, although work on the development is only starting this year. Sources told Reuters last year that his NEOM palace was designed as a replica of the one Saudi Binladin completed for the ruler in Tangier, Morocco. It includes palaces for the King, the Crown Prince and his brother, along with smaller villas for other royals, according to the newswire. Other features include landscaped gardens with fountains and flowering trees, three helipads, a marina and a golf course. Read: Saudi king begins holiday in still unbuilt $500bn mega-city NEOM NEOM is a key part of Prince Mohammed’s Vision 2030 plan that aims to attract foreign investments to diversify the kingdom’s economy. Late last month, NEOM said it had appointed Aecom as a project management consultant for part of NEOM Bay, the first urban area to be developed in the zone. The work on the first phase of NEOM Bay is expected to be completed in 2020. Read: Saudi to begin construction at $500bn NEOM development in 2019 Tags Entertainment King Salman bin Abdulaziz Al Saud NEOM Saudi Arabia tourism Travel Vision 2030 0 Comments You might also like Saudi Arabia’s Mawani signs four contracts worth SAR1bn GCC region M&A blazes trail as global deals decline Top marks for GCC nations in digital connectivity index Saudi Arabia studies graphite, rare earths trading platform