NEOM is a groundbreaking initiative being developed by Saudi Arabia, envisioned as a transformative project aimed at reshaping the future of living and working. With a staggering budget of $500 billion, this giga project is backed by the country's vast sovereign wealth fund, the Public Investment Fund (PIF), which manages approximately $800 billion in assets.

The name "NEOM" is a fusion of two significant elements. The first three letters are derived from the ancient Greek prefix "neo-," meaning "new," while the letter "M" comes from the Arabic word "Mustaqbal," which translates to "future." This clever combination symbolizes a new vision for the future.

The initiative is spearheaded by His Royal Highness Mohammed bin Salman, the Crown Prince of Saudi Arabia, who also serves as the Chairperson of the NEOM Company. Notably, the letter "M" in NEOM also represents the initial of Mohammed bin Salman’s name, further personalizing the project.

Currently, the NEOM project encompasses 16 unique regions, with 12 of them unified under MAGNA, a coastal destination stretching 120 kilometers along the stunning Gulf of Aqaba. In addition to its ambitious plans, NEOM has established the Neom Investment Fund (NIF), which supports various cutting-edge projects aimed at establishing NEOM as a pioneering city of the future.

Through these initiatives, NEOM aims to create a sustainable, technologically advanced city that embodies the principles of innovation and forward-thinking.

The sheer scale, ambition, and vision of the NEOM initiative are truly awe-inspiring. What sets NEOM apart is its seamless integration of innovative designs and state-of-the-art technologies, all while emphasizing the principles of Saudi hospitality.

This forward-looking city, powered by clean energy from wind and solar sources, aims to be a center for creativity and innovation. It is designed to incorporate artificial intelligence, robotics, and the fusion of humans and machines into daily life, enhancing the overall living experience.

NEOM will also feature some of the most ambitious mega-projects globally, including TROJENA, a stunning mountain destination; The LINE, a revolutionary linear city; and OXAGON, a hub for advanced and clean industries.

Key investments driving NEOM’s development include Pony AI, Regent Sea Gliders, NEOM McLaren, ENOWA, and Boom Supersonic, all contributing to its vision of becoming a city of the future.