Community established and schools opened in Saudi’s NEOM: CEO Al-Nasr

Community established and schools opened in Saudi’s NEOM: CEO Al-Nasr

SEOUL — Nadhmi Al-Nasr, CEO of NEOM city project, said that a community has been established and schools have been opened in NEOM within the current phase of the project. He said that construction has begun throughout NEOM city project site.

Addressing a press conference here on Monday, on the sidelines of the launching of an exhibition on NEOM, Al-Nasr said that 60,000 people are residing and working on the site to build the city of Neom. “The number of people living and working at the site will rise to 400,000 in the next year,” he said while stressing that NEOM is a story that will last for 25 years.

“When the first phase of the project is completed in 2030, we will show the world the realism and applicability of this project, and I believe that we can finance the project through that,” he said.

Al-Nasr stressed that South Korean companies will be able to obtain opportunities in the stages of investment, financing and partnership formation. “The project is expected to require huge funds, so companies all over the world, including South Korean companies, are looking for opportunities to win deals,” he said.

Al-Nasr is among 12 senior executives of NEOM who arrived