Phase 1 construction on Saudi Arabia's $500bn Neom complete
PIF-backed gigaproject's CEO, Nadhmi Al-Nasr, says Phase 2 strategy work for the gigaproject will complete by end-2019
Strategic work on Saudi Arabia’s Public Investment Fund-backed (PIF) futuristic Neom gigaproject will complete by the end of 2019, chief executive officer of the project, Nadhmi Al-Nasr said during a tour of the development by 160 diplomats, adding that construction work on Phase 1 of Neom, worth $500bn (SAR1.9tn) had been completed.
He added: “By the end of , we will share with the world what Neom is going to be.”
According to Saudi news agency, SPA, Al-Nasr said more facilities were being constructed at Neom Bay, the gigaproject’s first urban area where the Neom Bay Airport recently opened.