An Economic Engine
These distinct regions and sectors will be fueled by USD 500 billion from the Public Investment Fund of the Kingdom of Saudi Arabia and local and international investors. NEOM will become a community powered by talent and diversity across 14 sectors.
Our Purpose
A UNIQUE ENVIRONMENT
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New standard in regulations
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Global connectivity and strategic location
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Global talent attraction
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Unique solar and wind advantages for 100% clean energy generation
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Sustainability, wellness and human improvement as living principles
Our journey
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2022
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2021
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2020
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2019
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2018
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2017
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December
Sindalah - launching a luxury island destination in the Red Sea
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September
NEOM Tech & Digital Company rebrands as Tonomus
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September
NEOM Media Village advances high end film & TV production in region
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July
Detailed plans & new designs revealed for THE LINE
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March
NEOM launches ENOWA to develop world-class energy and water systems
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March
Revealing the plan for our mountain destination Trojena
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November
Revealing the plan for our industrial city Oxagon
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January
Flagship project THE LINE is announced to the world
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July
Equal joint venture created by ACWA Power, Air Products and NEOM
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June
NEOM Bay Airport launched with the first commercial flight by Saudia Airlines.
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July
Nadhmi Al-Nasr - previously at KAUST and Aramco - appointed as the CEO of NEOM
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October
NEOM, a US$500bn giga-project launches in KSA
What does
NEOM mean?
The name NEOM is derived from two words. Envisioned by His Royal Highness Mohammed bin Salman, Crown Prince and Chairman of the NEOM Company Board of Directors, the first three letters come from the Ancient Greek prefix neo – meaning 'new'. The 'M' is the first from 'Mustaqbal', an Arabic word meaning 'future'. The M is also the first letter of the Crown Prince, Mohammed bin Salman.
"If we are to solve the challenges of tomorrow, we must face up to them today, no matter how difficult they may seem. At NEOM, we are addressing some of the most pressing challenges facing humanity by bringing together a community of the brightest minds committed to reimagining what a sustainable future will look like in 20 to 30 years, and building it today. We are redefining the future now. NEOM is open for business."NEOM Chief Executive Officer
NEOM LEADERSHIP
To bring NEOM to life requires the world’s most forward-thinking innovators leading the way. Meet the ambitious professionals doing exactly that, and learn more about their distinguished experience.
FAQ
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NEOM is a region in the north west of the Kingdom of Saudi Arabia. NEOM means ‘new future’ and with more than 2,800 staff – from 86 countries – already living and working here onsite, it has already become a home for people who dream big and want to be part of building a new economic model for the country and the world.
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NEOM is already being built and the first destinations will come online in 2024. The project is phased, with OXAGON also getting its first residents in 2024 and TROJENA becoming a place to live, work and holiday in 2026. The first modules of THE LINE will also be activated in 2026 and by 2030, some one million people will be resident in NEOM, rising to nine million in 2045.
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Yes, some 2,800 staff already live and work at NEOM – and our teams are growing rapidly. We have built a number of communities within NEOM that some of the world's best and brightest talent now call home. These pioneers are the foundation for the new future we are building and our international workforce is diverse, originating from more than 80 countries.
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We are indeed open for business, to investors and commercial partners. To reach out to the specific teams, please do take a look at the regions and sectors across NEOM.com and then complete the relevant 'Invest' form. Our teams will come back to you with the pertinent information and we can begin the discussion – with a view to you joining us on our journey.
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NEOM is being driven and primarily funded by the Public Investment Fund, Saudi Arabia’s sovereign wealth fund. It has made a key investment in the future of Saudi Arabia by committing US$500 billion in backing, along with local and international investors. The project is now open to global, regional and local investors/partners – especially those with a progressive approach.
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Our sectors stretch right across the knowledge economy verticals and include: Design & Construction, Education, Energy, Entertainment & Culture, Financial Services, Food, Health & Wellbeing, Manufacturing, Media, Mobility, Sport, Technology & Digital, Tourism and Water. We have already launched a number of subsidiary companies and that trend will continue.
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NEOM is not a city. It is a place that will be made up of a number of regions – including our linear city THE LINE, our center for advanced and clean industries Oxagon, our mountain destination Trojena and our luxury island resort Sindalah.
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Our ‘future loop’ represents the spirit of our mission – to create a ‘new future’ based upon five core principles: nature, technology, livability, sustainability and community. They are our guiding lights, as we build and activate our project.
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As a community of pioneering dreamers and doers, NEOM is adopting and creating sustainability, advanced technology and a new economic model. And with the coast, desert and mountains on our doorstep – this is really the perfect place to work, live and play.
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NEOM is a place for all people from across the globe to make their mark on the world in creative and innovative ways by offering its residents a compelling lifestyle paired with excellent economic opportunities. Currently, there are already residents including NEOM employees, their families and commercial partners from more than 80 different nationalities.