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Neom (styled NEOM; Arabic: نيوم Neom, Hejazi pronunciation: [nɪˈjo̞ːm]) is a Saudi city being built in Tabuk Province in northwestern Saudi Arabia. It is planned to incorporate smart city technologies and function as a tourist destination. The site is north of the Red Sea, east of Egypt across the Gulf of Aqaba, and south of Jordan. It is planned to cover a total area of 26,500 km2 (10,200 sq mi), extending 170 kilometres along the coast of the Red Sea.
The city was announced by Saudi Crown Prince Mohammad bin Salman at the Future Investment Initiative conference in Riyadh, Saudi Arabia on October 24, 2017.He said it will operate independently from the “existing governmental framework” with its own tax and labour laws and an "autonomous judicial system." Egypt announced in 2018 that it is contributing some land to the Neom project.
The initiative emerged from Saudi Vision 2030, a plan to reduce Saudi Arabia's dependence on oil, diversify its economy, and develop public service sectors.Plans call for robots to perform functions such as security, logistics, home delivery, and caregiving and for the city to be powered solely with wind and solar power. Because the city will be designed and constructed from scratch, other innovations in infrastructure and mobility have been suggested. Planning and construction will be initiated with $500 billion from the Public Investment Fund of Saudi Arabia and international investors.The first phase of the project is scheduled for completion by 2025.
In July 2020, the US's Air Products & Chemicals Inc announced that it would build the world's largest green hydrogen plant in Saudi Arabia. Air Products will jointly own the US$5 billion project, Saudi Arabia's ACWA Power and Neom. In May 2022, Indian conglomerate Larsen & Toubro was awarded the contract for construction of a 2,930 MW solar power generation plant, a 1,370 MW wind power farm, a 400 MW battery energy storage system, along with a power transmission network of around 190 km