Saudi Arabia's futuristic and highly ambitious Neom megacity has been billed by officials as a place where people can "dream big."

First announced in 2017, Neom is being constructed in Tabuk, located on the northern tip of the Red Sea.

In February, the Kingdom released a promotional video sharing updates on Neom's progress. The video claimed the project was "progressing rapidly," adding that "millions of cubic meters of earth and water" were being moved each week.

[Neom construction. Neom]

The kingdom has been funneling money into the 26,500 km² megacity, with costs projected to reach around $1.5 trillion for the development. The Line — a key part of the project — was planned to be finished by 2030, but recent reports suggest developers may be facing financial difficulties.

[Neom construction. Neom]

Neom is the flagship project of the Vision 2030 plan announced by Saudi Arabia's Crown Prince Mohammed bin Salman.

Saudi wants its Vision 2030 projects to boost residency, provide better opportunities, and help the nation diversify beyond fossil fuels — but it remains to be seen whether expectations will match up with reality.

Neom is designed to comprise several regions. Here's how officials say the city will be laid out.

[The planned design for The Line in Neom. Neom]

The Line is the most well-known section of Neom.

Officials say the city is set to be contained within two 1640-foot-high mirrored skyscrapers positioned 656 feet apart. According to Neom's website, the city will have no roads, cars, or emissions and run on 100% renewable energy.

Several experts have raised ethical issues about the city, claiming it could be fitted with Chinese technology to gather data on residents as part of a sweeping surveillance program.

[A rendering of Oxagon. Neom]

Located on the coast of the Red Sea, Neom officials have announced plans for an octagonal city, which they claim will house a "next-generation" sustainable port.

If completed, the plan is for Oxagon, as it's being called, to spill partly into the sea, with a section set to float above on the shore. Neom officials have made the bold claim the floating part of the city will be the "world's largest floating structure."

[An image showing a nighttime view of mountains in the region in northwest Saudi Arabia where planners say Neom will be built. GettyImages/Unsplash/Neom]

Located in the mountains of the Tabuk region, Trojena has been designed to be Neom's ski and adventure resort.

Neom's website says the region will host 36 km of ski slopes. The site is also aiming to generate 10,000 jobs, per Neom's promotional site.

Saudi plans for Trojena to play host to 700,000 tourists annually by 2030.

To read about the rest of the main regions that officials plan to build as part of the project, head to Business Insider.

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