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The launch of NEOM … the first economic zone to extend …

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إطلاق نيوم.. أول منطقة اقتصادية تمتد عبر الس…

NEOM launch .. The first economic zone extending across Saudi Arabia, Egypt and Jordan – Saudi Crown Prince Muhammad bin Salman announced the launch of the NEOM project, which is an integrated investment area that includes lands within the Egyptian and Jordanian borders. According to the Saudi Press Agency (SPA), NEOM will be supported with more than $ 500 billion in the coming years by the Kingdom of Saudi Arabia and the Public Investment Fund in addition to local and international investors. The agency said that the project comes in the framework of the ambitious aspirations of the 2030 vision of turning the Kingdom into a leading global model in various aspects of life by focusing on attracting value chains in industries and technology within the project. The agency quoted the crown prince as saying that the NEOM region will focus on nine specialized investment sectors targeting the future of human civilization, namely the future of energy and water, the future of mobility, the future of biotechnologies, the future of food and the future of technical and digital sciences, the future of advanced industrialization, the future of media and media production, the future of entertainment and the future of living, which represents the basic pillar of the rest Sectors. The project will be built in the northwest of the Kingdom, on an area of ​​26,500 km2, and it will look to the north and west on the Red Sea and the Gulf of Aqaba for a length of 468 km. The site will be the main entrance to the King Salman Bridge, which will link Asia and Africa, which enhances its position and economic importance. The Saudi Agency stated that the NEOM project would include lands within the Egyptian and Jordanian borders, as it would be the first private area extending between three countries. The Crown Prince said: The Neum area will be built from scratch on raw land, and this gives it exceptional opportunities that distinguish it from the rest of the regions that have arisen and developed over hundreds of years. We will seize this opportunity to build a new way of life with tremendous economic potential. For his part, Tamer Nabil, Secretary-General of the Red Sea Investors Association, said that the area targeted by the project is from the end of Sharm El Sheikh to Taba in the part facing the Salahuddin Castle. He added: The association yesterday contacted the Saudi side to learn more details about the project and how to cooperate with them and exchange experiences and create complementarity between the two sides, noting that the King Salman Bridge project could cause a boom in the numbers of tourism coming to South Sinai to spend a weekly holiday. Source: Al-Shorouk – For inquiries about# Investingin a# Egyptian Stock ExchangeContact us every day of the week and all the time: From inside Egypt phone: 01028433301 phone: 01062659261 from outside Egypt phone: 201028433301 phone: 201062659261 whatsapp: 201028433301