NEOM Company (Owned by the PIF)

NEOM project has obtained the necessary approvals from the official authorities in the Kingdom to establish a closed joint stock company under the name of "NEOM Company" with fully paid-up capital and owned by the Public Investment Fund.

Red Sea Project Master Plan

Red Sea Development Company has received the approval of its board of directors on the Red Sea Project, one of the most ambitious tourism projects in the world. The project outline, co-developed by WATG and Buro Happold, has been designed by a group of leading engineering consulting firms in the world.

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NEOM Bay: The first populated area in NEOM

At its last meeting, chaired by Prince Mohammed bin Salman, Deputy Prime minister and chairman of the Public Investment Fund, the Constituent Assembly approved the strategic concept of the capital master plan for the region of “NEOM Bay “, the first populated area to be developed in NEOM.

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King Salman briefed on the Red Sea project

The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud received at Al Yamama Palace in Riyadh in the presence of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister, Minister of Defense and Prime Minister. John Paganu, CEO of Red Sea Development.

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