resort Archives - Guide to Properties & Real Estate Investment in Saudi Arabia

NEOM Location by the Red Sea in Saudi Arabia

August 30, 2018August 17, 2020

NEOM LOCATION – The NEOM project is located in the northwest of the Kingdom and includes land within the Egyptian and Jordanian borders, extended along with Aqaba Gulf and 468 km of coastline with beaches and coral reefs, as well as mountains up to 2,500 m high will provide many development opportunities with a total area of around 26,500 km².

Initial ground-breaking will be in the last quarter of 2019, with phase one completed in 2025, according to a tour of the city given to delegates attending the Future Investment Initiative in Riyadh.

www.neom-property.com

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Property & Real Estate

50 Islands Red Sea Luxury Resort in Saudi Arabia

February 20, 2018August 30, 2018

Saudi Arabia has launched a massive tourism development project that will turn 50 islands and other sites on the Red Sea into luxury resorts.

It hopes to attract both foreign tourists and domestic visitors as part of efforts to diversify the Saudi economy, as oil prices have fallen.

Visa restrictions on foreigners are to be eased in the tourist zone.

However, it is not clear whether dress codes and other restrictions in the conservative kingdom will be relaxed.

Alcohol, cinemas and theatres are prohibited in Saudi Arabia.

Women must wear loose-fitting, full-length robes known as “abayas” in public, as well as a headscarf if they are Muslim. They are not allowed to drive and often require a male guardian’s permission to study or travel abroad.

Construction of the new resorts is due to start in 2019. The first phase will include developing a new airport as well as luxury hotels and housing, and is expected to be complete in 2022.

www.neom-property.com

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NEOM Location by the Red Sea in Saudi Arabia

50 Islands Red Sea Luxury Resort in Saudi Arabia