Learned by 24 usersPublished on 2024.06.27 Last updated on 2024.12.03
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The name Mohameme Bit Salman, often mistakenly referenced in discussions surrounding the crypto and web3 space, does not correspond to a recognised project within these industries. Upon closer examination, it appears that this term may be an inadvertent conflation of the name of Mohammed Bin Salman, the Crown Prince of Saudi Arabia, and various forward-thinking projects linked to his vision for the Kingdom.
This article seeks to clarify the intent behind the mention of Mohameme Bit Salman while shedding light on two significant developments associated with Mohammed Bin Salman: the Mohammed Bin Salman Nonprofit City and The Line, both of which reflect ambitious urban and technological goals in alignment with Saudi Arabia's Vision 2030 initiative.
While Mohameme Bit Salman does not constitute a distinct project, it serves as a potential catchphrase for initiatives championed by Crown Prince Mohammed Bin Salman. At the core of these initiatives are two groundbreaking projects:
Mohammed Bin Salman Nonprofit City: This transformation project emphasises innovation, youth empowerment, and sustainability. It is designed to encourage entrepreneurship while fostering a supportive community to nurture the next generation of leaders.
The Line: This is a revolutionary concept in urban planning, envisaging a linear city that prioritises public well-being, environmental sustainability, and smart technology. Its design innovates on traditional urban structures to cultivate a car-free, carbon-neutral environment.
The spearhead of these transformative projects is Mohammed Bin Salman himself. Born on August 31, 1985, he has swiftly ascended as a pivotal figure in Saudi Arabian governance. Through the establishment of the Mohammed bin Salman Foundation (Misk), which is instrumental in advancing the Mohammed Bin Salman Nonprofit City, he has underscored his commitment to fostering a knowledge-based economy.
Similarly, The Line and other components of the NEOM project are initiatives launched under his direct supervision, combining efforts from major international architecture and engineering firms.
Investment in these grand initiatives stems primarily from state-backed entities:
Mohammed Bin Salman Nonprofit City: The project is heavily supported by the Mohammed bin Salman Foundation (Misk), with an investment estimate of SAR 20.4 billion (approximately $5.4 billion). This funding underscores the significant financial resources allocated by the Crown Prince to ensure the city’s successful development.
The Line: The ambitious linear city project is backed by the Public Investment Fund (PIF) of Saudi Arabia, which has committed an estimated SAR 1.2 trillion (around $320 billion) for its first phase. This investment reflects the Kingdom's economic transition and its focus on diversifying beyond oil.
Understanding the mechanics of these projects reveals their unique aspects:
This urban initiative is structured as a mixed-use development, focusing on:
This project aims to transform the urban landscape in several ways:
A chronological perspective offers insights on the gradual evolution and critical milestones of these significant projects:
The term “Mohameme Bit Salman” appears to embody a misunderstanding or a typographical error rather than an actual crypto project. However, it provides an opportunity to delve into the revolutionary projects associated with Crown Prince Mohammed Bin Salman. Both the Mohammed Bin Salman Nonprofit City and The Line signify groundbreaking urban and technological advancements aimed at inspiring a new age in Saudi Arabian development.
As Saudi Arabia progresses towards its Vision 2030 goal, these projects depict a strong drive toward modernisation, sustainability, and innovation. Through substantial investments and advanced planning, the Kingdom aims to create environments that will not only house its citizens but also nurture the growth of future generations.