There is information that suggests that Neom is far from dead. 20% of the world’s steel is being consumed in this work.

At the beginning of the year, Neom was in the news practically every week. Renders, videos and all kinds of information that shocked the massive project of a huge futuristic city in the middle of the desert in the hands of Saudi Arabia. However, months passed and the project seemed somewhat stalled. Last we heard influencers were “selling” lives in the early stages of the project, and it wasn’t looking too good. Now, one piece of information gives us a broader perspective of project activity.

News. New details of construction taking place on The Line have been announced. Information that highlights the mind-blowing challenge of transforming vast expanses of inhospitable and desert landscape into a megacity straight out of a science fiction novel. Fact: They are consuming one fifth of all the steel available in the world.

We recall that The Line is probably the most important and significant “leg” of Saudi Arabia’s Neom project, which is part of a larger effort to transform the country’s predominantly oil-based economy into one focused on (luxury) tourism. The use of fossil fuels will inevitably decline in the coming years.

The context of work without equal. To understand the Steele data we have to step back and analyze the numbers. Spanning 26,500 square kilometers in the north-west of the country along the Red Sea coast, what surrounds Neom is an ambitious $1.5 billion development that is moving rapidly to create a new ( Now it has been verified) Lifestyle.

The plan is that the line will be 170 kilometers in length, although its initial phase, which will be completed in 2030, will be “only” 2.4 kilometers. Whatever it is, it will be an amazing feat, as it will reach a height of 500 meters and a width of 200 meters. Additionally, it will be wrapped in a mirror exterior (without any controversy) and will have an air-house. An air-conditioned city of about 300,000 people with AI technology and robust surveillance to monitor how everything works, from garbage collection to water usage.

As? To top it all off, Saudi Arabian authorities have launched a new multi-storey concrete factory worth approximately US$190 million that will be capable of producing 20,000 cubic meters of concrete per day, the majority of which will go to The Line, and The rest on other Neom projects.

Furthermore, he says that more than 100,000 workers are busy removing huge amounts of soil 24 hours a day, seven days a week to make room for its massive foundation. Work on the foundation piles is also progressing, with about 1,000 of the more than 30,000 piles installed so far, it appears to be going from strength to strength.

Steel is in neom. So, it’s no surprise that this gigaproject, 24 times larger than Hong Kong, is currently consuming one-fifth of all steel produced globally. In this regard, Manar Al Monif, Investment Director of Neom, said a few days ago that: “Neom is going to be the biggest customer in the next decade. If we look at our demand in logistics, it is 5% of the logistics market. ” , World”.

This news also follows a recent promise to be more transparent with the construction process, in order to reassure investors and, we believe, raise some additional funds.

Steel in context. And if you’re wondering whether that’s a lot or a little, some data. According to World Steel, the world produced about 1.9 billion metric tons of crude steel in 2023. Neom consumed 20%, which would be equivalent to 380 million tonnes. To put this in perspective, the entire United States will consume only 104 million tons in 2022.

In other words, Neom’s consumption is approximately 3.65 times greater than that of the entire United States, which, in addition to Neom’s enormous scale, highlights that the project is moving forward without a doubt.

Image | neom

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