NEOM Reveals Magna, Its New Coastal Region
The Board of Directors of NEOM Reveals Magna, a new luxury lifestyle coastal destination. Situated on the picturesque Gulf of Aqaba, Magna encompasses 12 premier destinations: Leyja, Epicon, Siranna, Utamo, Norlana, Aquellum, Zardun, Xaynor, Elanan, Gidori, Treyam, and Jaumur.
Spanning 120 kilometers, Magna represents a new global standard in luxury sustainable tourism. It aligns with Saudi Vision 2030, combining cutting-edge technology, world-class architecture, and ultra-modern amenities while integrating seamlessly with nature.
Key Features of Magna:
- Twelve Unique Destinations: Each location within Magna offers a distinct experience, yet collectively they form a cohesive, unified destination.
- Luxury Accommodations: The development will include 15 luxury hotels, 1,600 hotel rooms, suites, and apartments, and over 2,500 premium residences.
- Focus on Sustainability: Emphasis on the conservation, preservation, and rejuvenation of native flora, fauna, and natural landscapes.
Nadhmi Al-Nasr, CEO of NEOM, stated: “NEOM’s coastal region of Magna is a future treasure, blending natural beauty with advanced technology. It aligns with our goals of redefining business, conservation, and livability, and will contribute significantly to the national economic diversification efforts under Saudi Vision 2030.”
Economic and Social Impact
Magna is set to become a key player in NEOM’s regional sustainable tourism strategy, contributing significantly to Saudi Arabia’s economy:
- Job Creation: Expected to create 15,000 jobs across tourism, leisure, and hospitality sectors.
- Economic Contribution: Projected to add SAR2.6 billion to the Kingdom’s GDP by 2030.
- Population and Visitor Numbers: Aiming to accommodate 14,500 residents and attract over 300,000 overnight visitors annually.
Investment Opportunities
Magna offers unprecedented opportunities for investors and developers to engage in one of the world’s most pioneering projects, emphasizing sustainability at every phase from design to long-term maintenance.
NEOM’s Giga-Project Evolution
Magna is the latest addition to NEOM’s ambitious giga-projects, following Sindalah, THE LINE, Trojena, and Oxagon. This evolving project in northwest Saudi Arabia exemplifies the transformative goals of Saudi Vision 2030, positioning the Kingdom as a global leader in luxury tourism and sustainable development.
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