عربي English Türkçe اردو فارسى
Logo
Latest News
Business

Arab Parliament Selects NEOM as Best Arab Project

Visitors watch a 3D presentation during an exhibition on NEOM in Riyadh, Saudi Arabia, October 25, 2017. (Reuters)
Visitors watch a 3D presentation during an exhibition on NEOM in Riyadh, Saudi Arabia, October 25, 2017. (Reuters)
TT
TT

Arab Parliament Selects NEOM as Best Arab Project

Visitors watch a 3D presentation during an exhibition on NEOM in Riyadh, Saudi Arabia, October 25, 2017. (Reuters)
Visitors watch a 3D presentation during an exhibition on NEOM in Riyadh, Saudi Arabia, October 25, 2017. (Reuters)

The Arab Parliament has selected the Saudi city of NEOM as the best Arab project to achieve sustainable development in 2022.

NEOM was chosen for promoting the concept of the future and sustainable development, as one of the models for building generations, creating smart cities, and supporting efforts to preserve the environment.

NEOM, located in the far northwest of the Kingdom in the Emirate of Tabuk, is a Saudi project aimed at building the first cognitive city with world-class technology. It was launched by Crown Prince Mohammed bin Salman in October 2017 and stretches over an area of 460 kilometers on the Red Sea coast.

NEOM recently announced the building of a new city called The Line, which is projected to become a global hub for generating clean energy.

A model for extraordinary living, The Line will paint a revolutionary picture for what future communities would look like and how they would come to live in harmony with nature, NEOM CEO Nadhmi Al-Nasr said in an interview with Asharq Al-Awsat last month.

He added that the pedestrian city would offer an attractive environment for innovators, entrepreneurs and investors.

An official statement said construction would start in Q1 2021 on the project, which is expected to contribute $48 billion to the Kingdom's GDP and provide 380,000 job opportunities by 2030.

Most Viewed

 
 
Business

Riyadh and Tokyo to Launch Coordination Framework to Boost Cooperation

Saudi Ambassador to Japan Dr. Ghazi Binzagr. (Asharq Al-Awsat)
Saudi Ambassador to Japan Dr. Ghazi Binzagr. (Asharq Al-Awsat)
TT
TT

Riyadh and Tokyo to Launch Coordination Framework to Boost Cooperation

Saudi Ambassador to Japan Dr. Ghazi Binzagr. (Asharq Al-Awsat)
Saudi Ambassador to Japan Dr. Ghazi Binzagr. (Asharq Al-Awsat)

Saudi Arabia and Japan are close to unveiling a higher partnership council that will be headed by the countries’ leaderships in line with efforts to build a partnership that bolsters the technical transformation and joint research in clean energy, communications and other areas, revealed Saudi Ambassador to Japan Dr. Ghazi Binzagr.

He told Asharq Al-Awsat that the two countries will soon open a new chapter in their sophisticated strategic partnership.

The new council will be chaired by Prince Mohammed bin Salman, Saudi Crown Prince and Prime Minister, and Japanese Prime Minister Shigeru Ishiba to push forward the Saudi-Japan Vision 2030, he added.

The council will elevate cooperation between the countries and pave the way for broader dialogue and consultations in various fields to bolster political, defense, economic, cultural and sports cooperation, he explained.

The two parties will work on critical technological partnerships that will focus on assessing and developing technologies to benefit from them, Binzagr said. They will also focus on the economy these technologies can create and in turn, the new jobs they will generate.

These jobs can be inside Saudi Arabia or abroad and provide employers with the opportunity to develop the sectors they are specialized in, he added.

Binzagr said Saudi Arabia and Japan will mark 70s years of relations in 2025, coinciding with the launch of Expo 2025 in Osaka in which the Kingdom will have a major presence.

Relations have been based on energy security and trade exchange with Japan’s need for oil. Now, according to Saudi Vision 2030, they can be based on renewable energy and the post-oil phase, remarked the ambassador.

Several opportunities are available in both countries in the cultural, sports and technical fields, he noted.

Both sides agree that improving clean energy and a sustainable environment cannot take place at the expense of a strong economy or quality of life, but through partnership between their countries to influence the global economy, he explained.

"For the next phase, we are keen on consolidating the concept of sustainable partnerships between the two countries in various fields so that this partnership can last for generations,” Binzagr stressed.

“I believe these old partnerships will last for decades and centuries to come,” he remarked.

Moreover, he noted that the oil sector was the cornerstone of the partnership and it will now shift to petrochemicals and the development of the petrochemical industry.