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February 07, 2019

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What Does NEOM Mean? (Using NEOM Online) NEOM means "New Future". The acronym NEOM was first used publicly with the meaning "New Future" on 24 October 2017, when Saudi Crown Prince Mohammed bin Salman announced the launch of a project involving the construction of a futuristic $500 billion city that will be built to run entirely on alternative energy. The first three letters of NEOM ("NEO") come from the Latin word for “New”; the final letter ("M") is an abbreviation of the Arabic word “Mostaqbal” which means “Future”. NEOM will be built on land along Saudi Arabia's Red Sea coast, near Egypt and Jordan, and will span the three countries. The city will focus on up-and-coming industries such as digital sciences, advanced manufacturing, biotech and technology. NEOM is part of a plan to diversify the Saudi economy away from dependence on oil exports. It will be a hub for new technologies, including the creation of drones, driverless cars a...

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