The famous NEOM project in Saudi Arabia is reportedly using 20% of the world’s steel supply. NEOM is Saudi Arabia’s megacity project that was launched to diversify the economy and reduce dependence on oil.
This project is focused on job creation, eco-friendly development, and investment. The total cost of this project is $1.5 trillion, with the goal of transferring urban living through advanced technology and renewable energy.
The NEOM project is set to become a benchmark for sustainable, smart cities and a major force in global construction for decades. It is estimated that this project will be completed by the year 2039, providing a futuristic place for its residents.
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