Advertisement

Exclusive | Saudi Arabia to showcase futuristic, zero-carbon megacity at Hong Kong investor roadshow

  • The ambitious project is a key pillar of Vision 2030, the Kingdom’s plan to diversify its economy away from oil
  • It could appeal to potential investors and partners from the city’s professional services sector in areas such as financial services, information technology and law

Reading Time:3 minutes
Why you can trust SCMP
2
The design plan for the 500-metre tall parallel structures, known collectively as The Line, in the heart of the Red Sea megacity of Neom. Photo: AFP

The man in charge of a showpiece project of Saudi Arabia’s plan to diversify its economy away from oil will bring a roadshow to Hong Kong inviting investors to back the ambitious development.

Advertisement

Nadhmi Al-Nasr, the chief executive officer of Neom – a US$500 billion futuristic megacity under construction on the country’s northwestern coast – is scheduled to host a half-day event on April 19 at the M+ in Hong Kong’s West Kowloon Cultural District.

Discover Neom, co-organised by the Belt & Road Office under Hong Kong’s Commerce and Economic Development Bureau, will feature presentations by Neom’s leadership, a “New Future by Design Tour”, and an evening reception from 6pm to 9pm, according to an invitation obtained by the Post.

Neom’s team will visit mainland China first before coming to Hong Kong, which is the last stop for the roadshow, according to a source familiar with the matter.

Nadhmi al-Nasr, chief executive of Neom, spoke on the last day of the Future Investment Initiative FII conference in the Saudi capital Riyadh on October 25, 2018. Photo: AFP
Nadhmi al-Nasr, chief executive of Neom, spoke on the last day of the Future Investment Initiative FII conference in the Saudi capital Riyadh on October 25, 2018. Photo: AFP
During Chief Executive John Lee Ka-chiu’s February 2023 visit to Saudi Arabia, the delegation visited an exhibition of the mega project at which the city’s leader said Hong Kong could play a “pivotal role in channelling the funding” to the initiative.
Advertisement
Advertisement