Official source refutes media misperceptions of NEOM

16/05/2022 Argaam

Logo of NEOM

NEOM Project is one of the major strategic projects of the Public Investment Fund (PIF) and is fully subject to the sovereignty and regulations of Saudi Arabia, the state-owned Saudi Press Agency (SPA) reported, citing an official source.

 

The source categorically denied the comments made by NEOM’s Head of the Tourism Sector Andrew McEvoy regarding the demographic situation inside the city of the future or that they would enjoy a special characteristic or nickname to distinguish them from others.

 

The source noted that NEOM will work within special economic zones that are subject to the sovereignty and economy of Saudi Arabia in terms of security, defense and regulatory aspects.

 

This will be accompanied by developing special economic legislation related to the project to achieve the best concepts of governance of economic zones in the world, so that NEOM becomes the most important points of attraction globally, the source added.

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