Saudi Arabia’s NEOM Unveils Luxury Lifestyle Destination Magna
In a groundbreaking move, NEOM, the Saudi Arabia giga-project, has introduced Magna, a luxurious lifestyle destination that promises to redefine the concept of modern living.
State-of-the-Art Technology Meets Nature at Magna
Magna, part of NEOM’s regional sustainable portfolio, is a fusion of cutting-edge technology, world-class architecture, and ultra-modern amenities seamlessly integrated with the natural beauty of the Gulf of Aqaba coastline.
NEOM CEO Nadhmi Al-Nasr on Magna
NEOM CEO Nadhmi Al-Nasr describes Magna as a “treasure of tomorrow,” highlighting its role in redefining business, conservation, and livability. He emphasizes the impact of Magna on Saudi Vision 2030 goals and the Kingdom’s position as a global leader in luxury tourism.
Setting a New Standard in Luxury Sustainable Tourism
The 12 unique destinations within Magna will span 120 km, offering a diverse range of experiences for residents and guests. Each destination will contribute to the conservation and preservation of native flora, fauna, and the stunning natural landscape.
Economic Impact and Job Creation
Magna is projected to create 15,000 jobs in the tourism, leisure, and hospitality sectors, stimulating the Kingdom’s economy in line with Saudi Vision 2030. By 2030, the development is expected to contribute SR2.6 billion ($690 million) to the Kingdom’s GDP, accommodate 14,500 residents, and welcome over 300,000 overnight visitors annually.