How Saudi Arabia's Neom project affects Indian Fuel prices

 


What is an Neom Project?

    Neo means 'new' in Greek language and M stands for Crown prince 'Mohammad' bin Salman. Neom is an attempt to do something that’s never been done before and it’s coming at a time when the world needs fresh thinking and new solutions. Simply put, NEOM will be a destination, a home for people who dream big and want to be part of building a new model for sustainable living, working and prospering.

    NEOM reimagines urban living by establishing walkability as its cornerstone. Communities will be built on a physical and digital infrastructure layer containing essential utilities and transportation services integrated below the surface.

Neom is not a single Project. It has four regions. They are :

1.Sindalah

2.The Line

3.Trojena

4.Oxagen

What is Neom's Sindalah Region?

    Sindalah is an luxury island project which is constructed where Mediterranean sea meets Red sea and also where Suez canal is also placed. So not only ships but also luxury yacht also travel along the from around the globe and stay there. The resort will include a beach club, yacht club, spa and wellness center plus 51 luxury retail outlets – in addition to luxury hotels and a large marina. Expect only best in this new year-round destination, where the weather is always enjoyable – meaning your enjoyment will no longer be dependent on the seasons.

    Home to three breathtaking hotels, offering 413 rooms – including 88 villas – as well as 333 serviced apartments, Sindalah will combine world-class hospitality, fine dining and curated events in one perfect destination. An enchanting island pulsing from day through to night, set against inspirational views.

    Sindalah is a 840,000m2 playground for the world's luxury travelers. With sophisticated cultural events, adrenaline-fuled sporting spectacles and glamorous social happenings, our exquisite island will always deliver something unique.

What is Neom's The Line Region?

    THE LINE will eventually accommodate 9 million people and will be built on a footprint of just 34 square kilometers. This will mean a reduced infrastructure footprint, creating never-before-seen efficiencies in city functions. The ideal climate all-year-round will ensure that residents can enjoy the surrounding nature. 

    Residents will also have access to all facilities within a five-minute walk, in addition to high-speed rail – with an end-to-end transit of 20 minutes. No roads, cars or emissions, it will run on 100% renewable energy and 95% of land will be preserved for nature. 

    People's health and wellbeing will be prioritized over transportation and infrastructure, unlike traditional cities. Only 200 meters wide, but 170 kilometers long and 500 meters above sea level. Zero carbon environment, Zero Gravity High efficient living and 95% urbanization environment.That is The Line Project.

What is Neom's Trojena Region?

    Trojena is part of NEOM’s regional plan, located 50km from the Gulf of Aqaba coast in the heart of our nature region – with elevations ranging from 1,500m to 2,600m and covering an area of nearly 60 square kilometers.

    Capitalizing on the different climate in the area, where winter temperatures drop below zero celsius and year-round temperatures are generally 10 degrees cooler than the rest of the region – with its clear fresh air and stunning views, Trojena will not only be a mesmerizing place to visit, but also a magical place to live and work.

What is Neom's Oxagen Region?

    Oxagen Region is a city which is built in Oxagen shape where industries and technology come together in harmony with nature. Oxagen is being built as the future of advanced and clean industries and a hub for innovations enabled by an automated port integrated with a smart supply chain network. In Oxagen Industry 4.0 enables as,

1. Next-gen automated & integrated port & supply chain

2. A fostering ecosystem for research &​ innovation

3. Catalyst for advanced transformational industries

4. Global gateway for world trade

5. Powered by 100% clean energy

6. Unmatched regulatory business environment​

Budget of Neom Project : 40,82,072 crores + 50 lakhs Indian Rupees

Source of Money for Saudi Arabia : One and Only crude oil.

Percentage of Oil import to India from Saudi Arabia : 16%

What is the value of 16% percentage of oil import : 7 crore 23 lakhs 99 thousand 500 Indian                                                                                                 Rupees/day

    So Saudi prince needs more money to complete his dream project. The only way to get all these money is from us like a common people. We are burning the fuels for Saudi Arabian Neom Project. In February Saudi Arabia going to increase his barrel price upto 2.63%.

Conclusion:

    Here after up to 2030 the oil price will not go down, its going to rise up and price of the product which depend on oil also rise up. So there is a urgency in implementing a numerous number of renewable energy resources to save us from these trap.

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