The city of NEOM will be ready by 2024 to receive tourists and investors, the CEO of the project has announced. “We spent two years transforming the vision into a strategy, as this strategy concerns all sectors of NEOM,” Nadhmi Al-nasr said in an interview with Asharq. "We finished last year with strategies, then moved on to planning and implementation and now we have entered the implementation phase,” Al-Nasr added. NEOM is set to is located on the Red Sea coast in the northwest of Saudi Arabia, and is set to be totally powered by renewable energy sources.