Money and business in the Middle East.

Companies

NEOM

Saudi Arabia · Giga-project development · State-owned · Founded 2019

NEOM is a giga-project under development in northwest Saudi Arabia, listed among the Public Investment Fund's giga-projects. The PIF page says it was established in 2019 and covers an area of 26,500 square kilometres; PIF's Arabic page says it is planned as a place to live and work for more than one million people. Neither page states PIF's ownership percentage. In a release of 11 May 2025, NEOM said its board appointed Eng. Aiman Al-Mudaifer as Managing Director and Chief Executive Officer; he had been acting chief executive since November 2024.

www.neom.com ↗

Audited financial statements: INXEN has not verified a published source for this entity as of 23 October 2026.

Key facts

No verified figure held yet.

Ownership and relationships

Key people

  • Eng. Aiman Al-Mudaifer · Managing Director and Chief Executive Officer, NEOM

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