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Saudi Crown Prince MBS’s dream project Neom is racing towards completion at such speed that it alone is consuming 20% of the worlds steel
It is no secret that Neom is Saudi Crown Prince MBS‘ futuristic vision. Spanning 26,500 square kilometers, or about 10,230 square miles in the northwest of the country along the Red Sea coast, it is an ambitious $1.5 trillion development advancing at breakneck speed to create a new way of life.
Unsurprisingly, this giga-project, 24 times the size of Hong Kong, is currently consuming one-fifth of all steel produced globally. Image – Neom While some projects, such as Sindalah and Trojena, are nearing completion for upcoming events, others will face delays. Nevertheless, Neom’s continued demand for construction materials, particularly steel, is expected to position it as one of the largest buyers for decades to come.
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