| | MARCH 20244 Saudi Arabia's iconic future-city project and an underline to the legacy that Mohammed bin Salman Al Saud (MBS), the Crown Prince and Prime Minister of Saudi Arabia, wants to leave, Neom is nothing short of a wonder. The city is taking shape in Saudi Arabia's far northwest, stretching from the sun-scorched Red Sea coast into craggy mountain badlands. We are talking about the epitome of desserts with summer temperatures over 100F and almost no fresh water. It is soon set to be home to millions of people who'll live amidst a serene environment, relying on desalination plants and a fully renewable electric grid.Neom symbolizes the new aspirations and capabilities of Saudi Arabia and its reformation curve under the aegis of MBS. It's not only that Saudi Arabia has announced disruptive changes in its political and cultural approach, but the country has even decided to move on from the oil-based economy and diversify its economic structure, building a more sustainable financial ecosystem within the country. The iconic `Saudi Vision 2030', a strategic framework to reduce Saudi Arabia's dependence on oil, diversify its economy, and develop public service sectors such as health, education, infrastructure, recreation, and tourism, is the epitome of this change. According to the latest IMF review, "Saudi Arabia's progress has been most notably reflected in non-oil growth, which has accelerated since 2021, averaging 4.8 percent in 2022. Despite lower overall growth reflecting additional oil production cuts, non-oil growth will remain close to 5 percent in 2023, spurred by strong domestic demand." Clearly, Saudi is on a new path with abundant opportunities for entrepreneurs and business leaders. Sujith VasudevanManaging Editoreditor@ceoinsightsasia.comEditorialThe Great Saudi Dream Insights for Business LeadersVol 04 · Issue 12-3 · MARCH, 2024Publisher Alok ChaturvediManaging Editor Sujith Vasudevan Manager - DesignPrabhu Dutta A.R.N RayNoidaRohit Raghubanshi Akshay Shettyadvertise@ceoinsightsasia.comEditorial queries editor@ceoinsightsasia.comTo subscribeVisit www.ceoinsightsasia.com/subscribe/ or send emailto subscription@ceoinsightsasia.comMagazine Price is $50 per issuePublisher Alok ChaturvediPrinted and Published By Alok Chaturvedi on behalf of InfoConnect Web Technologies India Pvt. Ltd., and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Copyright © 2024 InfoConnect Web Technologies India Pvt. Ltd., All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.Designers Antony Arnold FSurbhi SumanVP - Sales & Marketing Amrit Kumar Singh Circulation Manager Magendran PerumalEditorialHima P.M. Keerthana Kantaraju P. Tejaswini Roopalatha H.
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