NEOM is considered one of the Public Investments Fund's major strategic projects that is absolutely subject to the sovereignty and systems of Saudi Arabia, stressed an official source, according to the Saudi Press Agency.
The source categorically denied comments by the head of the Tourism Sector at NEOM, 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 empathized that the NEOM project will work within special economic zones that are subject to the sovereignty and economy of the Kingdom in terms of security, defense and regulatory aspects.
This will be accompanied by developing special economic legislations related to the project in a way that achieves the best concepts of governance of economic zones in the world so that NEOM transforms to become among the most important global points of attraction.
