Saudi Arabia opens resort island at futuristic mega-city

Saudi Arabia opens resort island at futuristic mega-city

Sub: IR

Sec: Places in news

Context:

• Saudi Arabia’s ambitious mega-city project, NEOM, recently announced the opening of its first physical showcase, Sindalah, a luxury island in the Red Sea.
• This initiative is part of the country’s broader efforts to diversify its economy and promote luxury tourism.

NEOM Project:

• NEOM aims to support Saudi Arabia’s Vision 2030, which seeks to position the country for a post-oil economy by enhancing sectors like tourism and technology.
• The Line: NEOM is also known for the Line, a linear city comprising twin skyscrapers extending 170 km along the coast, expected to accommodate over one million residents by 2030, with projections rising to nine million by 2045.

About Vision 2030:

• It is Saudi Arabia’s national strategy aims to reduce the kingdom’s dependence on oil by diversifying its economy and developing sectors like tourism, entertainment, and renewable energy.