Source: International Energy Agency
Last updated: 22 May 2023

The Crown Prince Mohammed bin Salman of Saudi Arabia announced in 2017 the launch of the NEOM gigaproject in the Kingdom’s Red Sea cost. As part of the Vision 2030 roadmap to diversity the national economy, NEOM’s focus will be on energy transition, water protection, biotechnology, food, advanced manufacturing and renewable energies. The Saudi Arabian Public Investment Fund has invested $500 billion into NEOM’s city, the Line, which will be carbon neutral due to the absence of cars and roads. The goal of this new city is to run on 100% renewable energy and preserve 95% of the natural land for people’s well-being. 

NEOM’s ambitions on clean energy and sustainable development include:

  • To set up a 100% renewables-based energy system at record low cost in the whole region
  • To develop a green cost-competitive water supply with zero liquid discharge
  • To produce energy, water and hydrogen with substantial RIO zero footprint 

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