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What Does NEOM Mean?NEOM is an acronym which means "New Future" and "New Enterprise Operating Model." Here is more information about each of these definitions of NEOM, with examples of use.
New FutureNEOM was first used publicly with the meaning "New Future" on 24 October 2017, when Saudi Crown Prince Mohammed bin Salman (MBS) announced the launch of a project involving the construction of a futuristic $500 billion city that will be built to run entirely on alternative energy.
The first three letters of NEOM ("NEO") come from the Greek word for "New"; the final letter ("M") is an abbreviation of the Arabic word "Mostaqbal" which means "Future."
NEOM will be built on land along Saudi Arabia's Red Sea coast, near Egypt and Jordan, and will span the three countries. The city will focus on up-and-coming industries such as digital sciences, advanced manufacturing, biotech and technology. NEOM is part of a plan to diversify the Saudi economy away from dependence on oil exports. It will be a hub for new technologies, including the creation of drones, driver-less cars and robotics.
Here are examples of NEOM being used in conversations with the meaning "New Future":
- Sam: Isn't NEOM the Keanu Reeves character out of The Matrix?
- Fran: That's Neo, you dork!
- Jo: That NEOM project in the desert looks interesting.
- Les: Especially if you sell aircon systems.
New Enterprise Operating ModelIn business circles, the abbreviation NEOM is also used with the meaning "New Enterprise Operating Model." This is a term used to refer to the adaptation of companies to developments in information technology.
Summary of Key Points
First Definition of NEOM"New Future" is a common definition for NEOM on Snapchat, WhatsApp, Facebook, Twitter, Instagram, and TikTok.
4: Difficult to Guess
Second Definition of NEOM"New Enterprise Operating Model" is a common definition for NEOM in business circles.
|Definition:||New Enterprise Operating Model|
|Type:||Abbreviation and Acronym|
4: Difficult to Guess
An Image for NEOMWhen I write NEOM, I mean this:
Official logo of NEOM: a "New Future" for the gulf region.
An Academic Look at NEOMWhen used with the meaning "New Future," NEOM is an acronym (i.e., an abbreviation spoken like a word). Acronyms differ from initialism abbreviations, which are pronounced using their individual letters.
When used with the meaning "New Enterprise Operating Model," NEOM is both an acronym and an initialism abbreviations, because it can be spoken like a word and pronounced using its individual letters (i.e., Enn Eee Oh Emm).
An Example of NEOM in a Text
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