NEOM arose as a city from the future, even before its launch, as envisioned by its founder,
His Royal Highness Crown Prince Mohammed bin Salman.
Where he laid the foundations for the future of progress and change.
Therefore, it was expected that the “future” would intertwine with NEOM’s basic identity, name,
values and vision, and thus NEOM will be… from the future to the future.
The Crown Prince, Chairman of the Board of Directors of NEOM,
His Royal Highness Prince Mohammed bin Salman, discussed Tadawul with members of the founding board of the project.
In addition to experts and specialists in the field – about the appropriate name for such a project with a global outlook,
When the Council held its first meetings to address the relevant issues.
Among the items on the agenda was the search for a name that represents the identity and symbol of this dream project,
as His Highness saw it
The name expresses the cultural and civilizational dimension of the global project.
A series of discussions took place about the significance of the name and how it should reflect the project’s global identity,
human dimension and perceived ambition.
Neum, the start of change
And the journey of naming the actual name began by defining criteria, attributes and conditions,
all of which carry a clear and consistent vision of selection.
Then sort and test the lists of names suggested by the advisory group.
The list included 2,000 names, which were reduced – according to standards and requirements – to 150 names,
and then reduced again to five names.
However, none of them were chosen or agreed upon.
During the Constituent Assembly discussions,
some members considered giving the project the name of His Royal Highness, Chairman of the Constituent Assembly,
Either directly or by including his name in the project name.
As such, two names were suggested: “NEOVIA MBS” and “NMBS”, but the opinions of the members were divided.
The team that was not in favor explained that His Royal Highness,
Chairman of the Board of Directors, leads major national projects.
And for His Highness to assume the presidency of the Board of Directors of NEOM is sufficient to convey a message to the world that reflects the direct connection of His Royal Highness to the project.
However, they supported the main idea of His Royal Highness that the name should be neither eastern nor western, nor belong to a particular language or culture,
In addition to being neutral and open to the world at large.
Engineering companies and studios participating in the establishment of NEOM projects
The name of many international engineering companies has been associated with the name of NEOM,
such as INJ Architects, Zaha Hadid Architects, BIG Architects, Foster+partners,
On-a, Mecanoo, in addition to Al Sharq Engineering Consulting Company.
Bechtel, one of the world’s largest industrial contractors, has been appointed project management consultant for Trojena in Neom,
Mountain development project in the Kingdom of Saudi Arabia.
It will provide services, including technical, commercial and construction management,
on the ambitious project in the northwest of the Kingdom.
Jake Momm, Regional Director of Infrastructure at Bechtel, said:
“NEOM is without a doubt the most ambitious project in living memory.
We are proud to expand our role in supporting the Trogina project.”
“From a construction perspective, NEOM provides once-in-a-lifetime career opportunities for Saudi nationals,
who will help open the eyes of the world to the outstanding natural beauty of the Kingdom,
along with futuristic technology.”
Average income and salaries in the NEOM project
The annual income in NEOM is about 54 thousand US dollars,
which is just over half of the annual income of 100 thousand US dollars.
Which has been offered by Wall Street and major consulting firms in recent years.
People close to the hiring process say Neom offers packages based on the salaries of potential employees at their previous employer.
This means that there can be significant pay gaps depending on where employees are hired.
Neom Construction and Real Estate Development also pays an average salary of $4,830,375.
Salaries range from $4,249,482 to $5,473,856.
Individual salaries will, of course, vary by job, department, and location,
as well as the individual skills and education of each employee.
According to the Wall Street Journal, the high salaries come as part of the country’s push for international talent to “launch” the Saudi crown prince’s strategy to diversify the economy away from oil.
The Wall Street Journal reported that the giant NEOM project in Saudi Arabia pays top executives about $1.1 million annually,
According to the “NEOM internal document”.
The Line is a carbon-neutral city
Wall Street Journal also reported that “the kingdom is using large salaries to attract global talent to Crown Prince Mohammed bin Salman’s national transformation plan.”
She added that the kingdom is hiring foreign executives to lead industries such as tourism, technology and entertainment.
The higher salaries are part of the country’s push to hire international talent to “launch” the crown prince’s strategy to diversify the economy away from oil.
The average salary of $1.1 million for NEOM executives at the executive suite level is also detailed in an internal list of compensation for the various positions.
NEOM Senior Leadership Team
The senior leadership team in NEOM consists of approximately 20 Saudis and foreigners,
with experience in financial services, energy, marketing and media.
These include Peter Terium, the former CEO of the German energy company RWE AG who is now the head of the energy, water and food sectors at NEOM;
Vishal Wanshu, former President and CEO of South Asia at General Electric, now runs NEOM’s manufacturing business;
and Tim Shorrox, Chief Marketing Officer and former Director, Amazon Web Services. Joseph Bradley,
former CEO of Cisco Systems, heads technology and digital at NEOM.”
Meanwhile, NEOM executives, a level below senior executives, earn median salaries of $660,000.
The list showed that the managers, who include dozens of people in NEOM, earn $270,000 annually.
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