NEOM is born from the ambition of Saudi Arabia’s Vision 2030 to see the country develop a pioneering and thriving model of excellence in various and important areas of life. The futuristic city aims to thrive the transformation of the Kingdom into a leading global hub through the introduction of value chains of industry and technology.
NEOM will focus on nine specialized investment sectors and living conditions that will drive the future of human civilization, energy and water, mobility, biotech, food, technological & digital sciences, advanced manufacturing, media, and entertainment with livability as its foundation.
The focus on these sectors will stimulate economic growth and diversification by nurturing international innovation and manufacturing, to drive local industry, job creation, and GDP growth in the Kingdom. The new mega-city will attract private as well as public investments and partnerships. Saudi project will be backed by more than $500 billion over the coming years by the Kingdom of Saudi Arabia, the Saudi Arabian Public Investment Fund, local as well as international investors.