Saudi Arabia's ambitious NEOM project is making waves in the construction industry, reportedly consuming an astonishing 20% of the world's steel supply, according to the project's Chief Investment Officer. Envisioned by Crown Prince Mohammed bin Salman, this $1.5 trillion megacity aims to revolutionize urban living through cutting-edge technology and renewable energy solutions, while also diversifying the kingdom's economy away from its oil dependency.
NEOM features groundbreaking components such as "The Line," a linear city designed for sustainability, and Oxagon, an innovative floating industrial complex.
Together, these elements are set to establish NEOM as a benchmark for smart, sustainable cities, positioning it as a key player in global construction for years to come.