NEOM Project: A smart city reflects the Kingdom's 2030 Vision
PEAKS Engineering
Technology Electrical Manufacturer & ICT Business Agent - www.peakseng.com - #ICT #Electrical #Electronics
Most of us read about KSA’s 2030 Vision, as a recap, it is a strategic framework For the Kingdom to accomplish the following:
·???????Reduce the dependence on oil.
·???????Diversify the kingdom’s economy.
·???????Develop public service sectors such as infrastructure, health, education, recreation, and tourism.
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NEOM project is one of the megaprojects for the kingdom’s vision 2030 that will take place in the northwest of the Tabuk Province.
?NEOM project will cost $500 Billion with a motto of “A futuristic eco-city that is part of Saudi Arabia's pivot to go green”, the project was announced in 2017, and NEOM city is set to cover 26,500 km2. Its first phase of construction is set to be completed by 2025
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With connected infrastructure, smart buildings, and mobility, NEOM smart city concept is hailed as a solution to rapid urbanization whilst synchronously improving economic and social potential.
It will work out by aligning digital transformation and sustainability with the kingdom’s Vision 2030 plans, KSA expects NEOM to generate $100 Billion in total GDP by 2030. It will be powered 100% by renewable energy and governed by an independent judicial system to encourage investment in 16 priority industries, including advanced manufacturing, mobility, and biotech.
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But the question should be, What NEOM will offer to the world?
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·???????Economic Growth: NEOM will focus on developing advanced manufacturing, food, energy, and mobility because focusing on such sectors will spur economic growth by nurturing international innovation and manufacturing, which will create more job opportunities and make the GDP growth.
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·???????Strategic Location: By enabling 70% of the world's population to reach it in under eight hours, NEOM will be a global hub that connects, Africa, Asia, and Europe Together.
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·???????Build from Scratch: NEOM is being built from the ground up, giving it a unique opportunity to differentiate itself from any other place that has been developed and built for hundreds of years, and we will seize this opportunity to build a new way of life in excellent economic conditions and perspectives
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In the conclusion building, such a smart city will incentivize the infrastructure and manufacturing sector the most, to bring out the best of technologies and experiences to make it a success