Neom is a Saudi project for a smart and tourist cross-border city planned for construction, The project is located in the far north-west of Saudi Arabia it will be constructed in Tabuk. It includes marine land located within the Egyptian and Jordanian borders.
It will provide many investment opportunities with a total area of 26,500 km2 (10,200 sq mi) and will extend 460 km on the coast of the Red Sea.
The project aims to transform Saudi Arabia into a leading global model in various aspects, one of the main objectives of the project is to seek ways of cooperation and investment with a wide network of international investors and innovators, and aims to focus on advanced industries and advanced technology.
The first phase will be completed by 2025. The project was supported and funded by the Saudi Public Investment Fund of $ 500 billion.