2020 CW Power 100: NEOM CEO positioned at 21
The futuristic development is being head up by Nadhmi Al-Nasr, who makes his debut in the CW Power 100 list
Making its debut in this year’s Power 100 list, Saudi Arabia gigaproject NEOM is being head up by chief executive officer Nadhmi Al-Nasr where Phase 1 of the futuristic development was completed in July 2019.
Since the completion of Phase 1 of the Public Investment Fund-backed project, Al-Nasr has ramped up activities across the $500bn development.
NEOM signed investment contracts with two leading national investors in Al-Tamimi Group & SATCO to build and operate a construction village to house 30,000 workers, and then expand the construction village to accommodate 100,000 residents.
Other milestones from the gigaproject over the past 12 months include inking an agreement with UK-based Solar Water to build the first ever desalination plant based on “solar dome” technology.
NEOM also signed a memorandum of understanding (MoU) with the Saudi National Cybersecurity Authority to train young Saudi nationals in cybersecurity as it promotes smart cities and technology as part of its strategy.
To view the full 2020 Construction Week Power 100 ranking, then click here.