Saudi Arabia Wants Big Spenders for the First Part of Neom Megaproject [Video]

Saudi Arabia plans to open the first region of its Neom megacity by the end of the year.

The island of Sindalah will provide the first physical glimpse into the ambitious desert project, which has reportedly been scaled back from its initial plans due to financial struggles.

Developers say they want the island to be an “exclusive gateway to the stunning Red Sea,” adding that they planned to cater to luxury clientele and the global yachting community.

Neom recently ended investor roadshows in China by confirming the luxury island resort would open this year, Arab News reported. It’s set to have three luxury hotels, a golf course and sports club, beach club, marina, and dozens of restaurants and shops.

In January Marriott International said it had signed an agreement to bring Apartments by Marriott Bonvoy to Sindalah. Chadi Hauch of the hotel operator said the concept was a “great fit” for the island …