First phase of NEOM construction underway

NEOM is a planned 10,230-square-mile transnational city and economic zone to be constructed in Tabuk, Saudi Arabia. (Supplied)
Updated 26 October 2018
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First phase of NEOM construction underway

  • NEOM to develop 16 economic sectors, and the first airport will be operational soon
  • Work on NEOM Bay is rapidly progressing with future target of $100 billion of income per annum

LONDON: NEOM, the giga project to be built on Saudi Arabia’s Red Sea coast, has entered the first phase of development with preparation works to develop the infrastructure of the first residential area.



NEOM, a project of unprecedented scale, was first announced at last year’s FII. It is being developed with the principles of livability and innovation at its core. It encompasses 26,500 square kilometers of land, ranging from scenic coastline to desert to snow-capped mountains. It forms part of the Saudi Giga-Projects Investment Pool for the Public Investment Fund (PIF) of Saudi Arabia which also includes the Red Sea Project and Qiddiya. 

Work on the first airport in the development is expected to be completed before the end of 2018 with the first bi-weekly flights operating at the start of 2019, NEOM said in a statement.

It is part of a general plan to establish a network of airports in NEOM that will include an international airport with world-class standards.

NEOM CEO Nadhmi Al-Nasr said: “We are working hard to ensure that the newly created towns and cities in NEOM will create new ways of living, economy, trade, innovation that at the end will make NEOM an ideal environment for all of its future residents.” 



The project planners have also identified 16 economic sectors to create a sustainable economy which are expected to eventually generate an estimated annual income of $100 billion. 

A large part of this income will be in the form of redirecting the outflow of investments and spending back into Saudi Arabia. This in return will have a significant positive impact on the Kingdom’s GDP, NEOM said in a statement.



The 16 sectors focus on; the future of energy, water, mobility, biotech, food, manufacturing, media, entertainment, culture and fashion, technology and digital, tourism, sport, design and construction, services, health and well-being, education, and livability.


13,230 families benefit from ‘Sakani’ program in Saudi Arabia

More than 157,000 families benefited from the program during 2018. (SPA)
Updated 17 June 2019
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13,230 families benefit from ‘Sakani’ program in Saudi Arabia

  • More than 157,000 families benefited from the program during 2018

RIYADH: The Ministry of Housing’s “Sakani” program has helped 13,230 families registered on its Real Estate Development Fund list with housing options and finance solutions during May.
This includes 5,835 families who live in their own homes, bringing the total number of families benefiting from the program in different regions of the Kingdom since the start of the year to 68,195.
The Sakani program announced the names of beneficiaries and their national ID numbers through the link https://sakani-names.housing.sa or via the program portal.
More than 157,000 families benefited from the program during 2018.
Ministry of Housing spokesman Saif Al-Suwailem said that Sakani continues to provide its services to beneficiaries according to their needs and abilities. The ministry is keen to provide better services in line with the “Eskan” program, one of the Saudi Vision 2030 initiatives that aims to raise the proportion of residential ownership to 70 percent by 2030.
As part of Sakani’s efforts to provide suitable housing options, the program began to implement 53 new housing projects in different regions of the Kingdom, characterized by affordable prices for a large segment of citizens registered on the lists of the Ministry of Housing.
Al-Suwailem said that the ministry was keen to find solutions for Saudi families that help them to own the right home for them. SPA Riyadh