Nadhmi Al-Nasr, CEO of NEOM, said 20 percent of the project's infrastructure is complete. Al-Nasr told Al-Arabiya TV from Davos that the work progress is on schedule to deliver infrastructure to the areas ready for construction. Al-Nasr stressed NEOM's keenness to be a vital part for the national and international private sectors, after completing the infrastructure. NEOM project is an opportunity for financing and investment. This will prove the project's success, he said. Sindalah, the first luxury island destination in NEOM and one of the most important projects supporting Saudi Arabia's national tourism strategy is expected to open in 2024. Extending over an area of approximately 840,000 square meters, Sindalah is one of a group of islands that will be developed in NEOM, each according to its unique vision and design. Adding to NEOM's growing tourism offerings, Sindalah will reshape the luxury international yachting calendar offering a new season for visitors and guests to enjoy. It will feature a prestigious 86-berth marina, an ideal destination for accommodating luxury vessels, while offshore buoys will house superyachts. Earlier, Al-Nasr said that the NEOM project seeks to build renewable energy from wind and solar power in order to achieve the goal of NEOM being an environmentally friendly tourist city. He added that the NEOM project includes Oxagon, which would be the largest floating industrial city in the world. Oxagon is featuring an automated port and an integrated supply chain where advanced manufacturing industries will be stimulated. It will be a new paradigm where people, industries and technology come together in harmony with nature. The new floating city is touted to be the "world's largest floating structure." — SG
