The General Authority of Civil Aviation (GACA) of Saudi Arabia announced the opening of NEOM Bay Airport in the northern region of Sharma in the Kingdom, the Saudi Press Agency (SPA) reported.
In a press statement, GACA said that, following the completion of the development work of the first phase and the registration by the International Air Transport Association (IATA), it has licensed the airport as a commercial airport which is ready to receive commercial flights starting next week with the symbol “NUM”.
At present, NEOM Bay airport will operate regular flights for investors and employees of NEOM project.
In January, Saudi Arabia announced it will start developing the first urban area of NEOM, the Kingdom’s planned $500 billion mega-city, Arab News reported.
The founding board, chaired by Crown Prince Mohammed bin Salman, approved the master plan concept for NEOM Bay, which will include homes, lifestyle and tourist facilities, and “innovation centers.”
The development is expected to focus on luxurious living, and will include high-end hotels and villas.
Homes in the development will be marketed to both regional and international buyers, Arab News has learned.
“We are now preparing for the development of NEOM Bay area, which will provide a new concept of urban living that will enable it to become a platform for attracting the world’s top minds for creating advanced economic sectors,” Nadhmi Al-Nasr, NEOM Chief Executive, said.
NEOM, which was announced in 2017 and is in a pristine position on the Red Sea coast, has financial support of over $500 billion from the Public Investment Fund of Saudi Arabia.
The launch of its first urban project is expected to provide an economic impetus, experts said.