NEOM
- Company typePrivate
- Founded2017
- HeadquartersRiyadh, Saudi Arabia
- Headcount1–10
- GTM typeB2B and B2C
- OfferingServices
NEOM firmographics
Firmographics- Name
- NEOM
- Legal name
- NEOM Company
- Website
- https://neom.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
NEOM industry classification
Industry- Product category
- Regional Economic Development
- NAICS
- Surveying and Mapping (except Geophysical) Services (541370), Fossil Fuel Electric Power Generation (221112)
- SIC
- Land Subdividers & Developers (No Cemeteries) (6552)
- akta.pro primary industry
- Location Intelligence, Analytics & Geospatial BI (BPAMANAE)
- akta.pro secondary industries
- Remote Sensing & Geospatial Vision (satellite/drone imagery) (HDAAAEAL), Port, Bunkering & Export Infrastructure for PtX Fuels (Marine Loading, Bunkering, Logistics) (EUAFAFAI), Geospatial BI & Location Analytics (HDAEAMAK)
Keywords
Where NEOM is headquartered
LocationHeadquarters
- HQ city
- Riyadh
- HQ country
- Saudi Arabia
- HQ region
- Middle East
Offices5 records
Markets served
NEOM business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales, Supply Chain
Revenue model
- Port Operations & Trade Logistics: Port of NEOM operates 24/7 as a maritime logistics gateway, generating revenue from container terminal handling, freight corridors, and intermodal cargo services connecting Europe, Egypt, the GCC, and Iraq.
- Green Hydrogen & Ammonia Sales: Long-term contracted offtake of green hydrogen (600 tons/day) and green ammonia (1.2 mtpa) production from the NEOM Green Hydrogen Company joint venture, with Air Products holding a 30-year exclusive purchase agreement.
- Data Center Colocation & AI Compute: Hyperscale data center colocation revenue from the $5 billion DataVolt partnership at Oxagon, providing renewable-powered AI compute capacity (initial 300 MW, expandable to 1.5 GW) to enterprise and hyperscaler customers.
- Real Estate & Industrial Zone Development: Sale and lease of developed land, residential properties, and industrial plots across The Line, Oxagon, Trojena, Magna, and Islands of NEOM regions, supported by the NEOM-DSV $10 billion supply chain joint venture.
- Investment & Joint Venture Returns: Strategic capital deployment through NEOM Investment Fund (NIF) and direct investments into joint ventures and venture capital, generating returns from portfolio companies in biotech, mobility, food, and digital sectors.
- Tourism & Hospitality Services: Tourism revenue from Islands of NEOM (Sindalah), Trojena mountain resort, Magna, and nature reserve experiences, including hotels, branded residences, and curated visitor experiences.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Investment opportunities accessed via application through the NEOM Investment Office |
| Other | Multi-year contract | Residential purchase options (residence, rental, or resale) |
| Other | Pay-as-you-go | Tourism and visit engagement |
Go-to-market motion4 records
Distribution channels6 records
Marketing channels9 records
NEOM product offering
Product offeringCore offering
NEOM is a state-backed regional development project in northwest Saudi Arabia building a 26,500 km² cognitive city-region spanning six sub-regions (Oxagon, THE LINE, Trojena, Islands of NEOM, Magna, Nature Reserve), 15 knowledge-economy sectors, and operating infrastructure including the Port of NEOM and NEOM Bay Airport. The project develops and operates renewable-powered industrial, residential, tourism, biotech, mobility and digital-infrastructure assets (including a hyperscale AI data center campus and the world's largest green hydrogen plant) under Saudi Vision 2030, generating revenue from port logistics, green hydrogen/ammonia offtake, data center colocation, real estate, investment returns and tourism.
Product overview
NEOM is best understood as a master 'region-in-the-making' platform in northwest Saudi Arabia rather than a single product, with a portfolio that combines six physical sub-regions (Oxagon, THE LINE, Trojena, NEOM Nature Reserve, Islands of NEOM including Sindalah, and Magna), two core infrastructure assets (Port of NEOM and NEOM Bay Airport), and fifteen sector businesses spanning Biotech, Design and Construction, Education/Research/Innovation, Energy (ENOWA), Entertainment and Culture, Financial Services, Food (Topian), Health and Wellbeing, Manufacturing, Media, Mobility, Sport, Technology and Digital, Tourism and Water. Specialized operating vehicles — most notably the NEOM Investment Fund (NIF), NEOM Investment Office, NEOM Green Hydrogen Company (NGHC, equal JV with Air Products and ACWA Power), NEOM Sports Club, and the NEOM Level Up gaming accelerator — overlay the sub-regions and sectors with capital, projects and community programming. Together these products and sectors make up a single integrated cognitive-city platform that is currently being re-scoped from the original THE LINE urban vision toward an AI/digital-infrastructure, advanced-industry, biotech and energy-export hub under Saudi Vision 2030.
Differentiator
Problem solved
Functional benefit
Brands
- NEOM Investment Fund (NIF): Strategic investment arm of NEOM supporting growth across the 15 economic sectors through joint ventures, venture capital, investment attraction, portfolio management, global champions and flagship initiatives.
- NEOM Investment Office
- Port of NEOM
- NEOM Bay Airport (NUM)
- ENOWA
- Topian
- NEOM Sports Club (NEOM SC)
- NEOM Green Hydrogen Company (NGHC)
Products and services
- Oxagon NEOM's advanced and clean industrial city on the Red Sea coast, designed as a cognitive industrial ecosystem with AI-driven logistics, a hyperscale AI data-center cluster and the Port of NEOM. It hosts the NEOM Green Hydrogen Company facilities and provides industrial zone tenancy to manufacturers and supply-chain operators.
- THE LINE A 170-km-long linear urban development originally conceived as a zero-car, zero-carbon city within NEOM. Currently being significantly downscaled/redesigned as part of NEOM's strategic pivot toward AI infrastructure and industrial uses.
- Trojena NEOM's mountain region in northwest Saudi Arabia rising to ~2,600 m with temperatures below zero in winter, originally intended as a year-round mountain destination and winter sports venue. Undergoing major project changes and contract terminations in 2026.
- Islands of NEOM (including Sindalah) 41 islands along NEOM's 468 km Red Sea coastline hosting more than 1,000 fish/marine-mammal species, 300+ coral species and turtle-nesting sites. Includes Sindalah, the marquee luxury island whose operation is being transferred to Red Sea Global.
- Magna NEOM's cultural-heritage sub-region focused on sustainable tourism, conservation and community life at the crossroads of three continents.
- NEOM Nature Reserve A conservation area spanning mountains, desert and 468 km of coastline within NEOM, with regreening, wildlife-reintroduction (Arabian oryx, sand gazelle, mountain gazelle, ostrich), mangrove restoration and marine-biodiversity programs. ~5 million native plants/shrubs planted; 1,300+ animals of 8 native species reintroduced.
- Port of NEOM A clean-sheet, fully automated smart port in Oxagon on the Red Sea, designed for 24/7 operations, AI-driven logistics, renewable-energy integration, container-terminal expansion and intermodal corridors linking Egypt, the Gulf and Europe.
- NEOM Bay Airport (NUM) NEOM's domestic and international airport serving the NEOM region, providing direct connections and growing route network for residents, workers and visitors.
- ENOWA (NEOM Energy) NEOM's energy subsidiary, building the world's first at-scale and fully-integrated renewable energy system powering all of NEOM's sub-regions with 100% renewable electricity.
- Topian (NEOM Food) NEOM's food-sector subsidiary providing sustainably sourced, high-quality food products and innovative services that empower healthier and more planet-friendly food choices.
- NEOM Green Hydrogen Company (NGHC) Equal joint venture between NEOM, Air Products and ACWA Power building the world's largest green-hydrogen plant at Oxagon: $8.4 billion financial close, ~4 GW of solar/wind, target 600 tonnes/day of green hydrogen and 1.2 million tonnes/year of green ammonia for export.
- NEOM Sports Club (NEOM S.C.) A Saudi Pro League football club competing in the Roshn Saudi League, marketed as a community-built club bringing people together through sport.
- NEOM Investment Fund (NIF) NEOM's strategic investment arm operating six pillars: Joint Ventures, Venture Capital, Investment Attraction, Portfolio Management, Global Champions and Flagships. Portfolio has included Pony.ai, ZeroAvia, REGENT, Volocopter, Boom Supersonic, BlueNalu, Sonde Health and Animoca Brands.
- NEOM Investment Office The representative body responsible for attracting capital, identifying business opportunities for public and private participation at NEOM. Closed $10.6B of investment in 2023; oversees the NEOM-DSV $10B supply-chain JV, the largest non-energy FDI in Saudi Arabia.
- NEOM Level Up Gaming Accelerator NEOM's game-development accelerator program under Saudi Arabia's National Gaming & Esports Strategy (Vision 2030). Each cohort selects five funded studios plus an expanded mentorship phase; aligned with a target of SAR 50bn ($13.33bn) in GDP contribution from gaming by 2030.
- NEOM Mobility (autonomous, eVTOL, seaglider) NEOM's mobility sector building a smart, shared, sustainable, 100% renewable-energy-powered public-transport system spanning autonomous vehicles (Pony.ai), eVTOL air taxis (Volocopter) and electric seagliders (REGENT).
- NEOM Biotech / CRDMO Platform NEOM biotech sector building a cutting-edge innovation ecosystem addressing major human and planetary health challenges through world-class infrastructure and global partnerships, including the NEOM-WuXi AppTec CRDMO platform for pharmaceutical R&D and manufacturing.
Quantifiable outcome
- $10.6 billion in investment closed in 2023 from local, regional and international companies
- +7 more outcomes
Companies that use NEOM
Customer profileNamed customers10 records
Segments6 records
Ideal customer profiles6 records
NEOM technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration7 records
AI capability13 records
Feature6 records
NEOM partnerships and signals
Strategic signalPartnerships
16 partnerships are on record, tiered flagship, core and minor.
- Air ProductsflagshipEqual joint venture partner in the NEOM Green Hydrogen Company alongside NEOM and ACWA Power for the $8.4 billion green hydrogen production plant in Oxagon. Air Products holds a 30-year exclusive offtake agreement to purchase all green ammonia produced for export.
- ACWA PowerflagshipEqual joint venture partner in the NEOM Green Hydrogen Company ($8.4 billion), with NEOM and Air Products, for green hydrogen and ammonia production in Oxagon. The project reached 80% construction completion by Q1 2025.
- DataVoltflagship$5 billion agreement to build the Middle East's first Net-Zero AI-powered hyperscale data center at Oxagon, initially 300 MW expandable to 1.5 GW, powered entirely by renewable energy with advanced cooling technologies.
- DSVflagship$10 billion NEOM-DSV supply chain joint venture (51% NEOM, 49% DSV), established in October 2023, representing the largest non-energy foreign direct investment in Saudi Arabia. Supports end-to-end supply chain across NEOM's multiple regions.
- WuXi AppTeccoreStrategic MoU signed to develop pharmaceutical research, development, and manufacturing (CRDMO) capabilities in Saudi Arabia, leveraging NEOM's biotech facilities to create world-class CRDMO platforms and attract foreign direct investment.
- Savvy Games GroupcoreMoU signed to strengthen Saudi Arabia's gaming startup pipeline through NEOM's Level Up accelerator, supporting the National Gaming & Esports Strategy targeting SAR 50 billion ($13.33bn) in GDP contribution from gaming by 2030.
- OneWeb (Eutelsat)core$200 million joint venture between NEOM Tech and Digital Holding Company and OneWeb (now merged with Eutelsat) to provide satellite connectivity to the Middle East and East Africa, expanding LEO satellite services.
- Pan Marine Group / DFDScorePartnership activated at end of March 2026 enabling a European multimodal land bridge through Port of NEOM, facilitating truck-carried freight from Europe (Italy, UK, Germany, Poland) to Egypt and the GCC (UAE, Kuwait, Oman, Iraq).
- Googleminor360-degree video search campaign partnership that increased NEOM brand searches by over 3X year-over-year after research revealed only 12% of people understood the project.
- McLaren RacingcorePartnership to accelerate innovation in motorsport, as quoted by McLaren leadership: 'The NEOM McLaren Racing partnership will help us accelerate the pace of innovation in our sport.'
- AramcominorPartner alongside NEOM and AlUla Royal Commission, led by the National Center for Wildlife, in reintroducing red-necked ostriches to the Prince Mohammed bin Salman Royal Reserve as part of ecological restoration strategy.
- AlUla Royal CommissionminorPartner with NEOM, Aramco, and the National Center for Wildlife in ecological restoration and species reintroduction aligned with Vision 2030 and the Saudi Green Initiative.
- National Center for Wildlife (Saudi Arabia)minorGovernment partner leading ostrich reintroduction program in NEOM and the Prince Mohammed bin Salman Royal Reserve, supporting Saudi Vision 2030 and Saudi Green Initiative targets to protect 30% of land and sea by 2030.
- WebuildminorItalian construction contractor whose $4.7 billion artificial lake contract at Trojena and high-speed railway line contract were terminated by NEOM (termination-for-convenience) as part of project scale-back.
- Red Sea GlobalcoreState-backed Saudi developer taking over the troubled Sindalah luxury island resort from NEOM, with CEO John Pagano confirming handover is imminent to salvage the project embedded in Vision 2030.
- CandelaminorSwedish electric boat startup that sold eight vessels to NEOM for approximately €20 million, representing half of all its orders as of the deal announcement.
Scale indicators20 records
Recent moves7 records
Expansion highlights6 records
NEOM competitors and assessment
Company assessmentDirect peers
- Red Sea Global: Saudi PIF-owned sister giga-project developing a luxury tourism destination along Saudi Arabia's Red Sea coast, now absorbing NEOM's troubled Sindalah luxury island resort. Directly comparable as a sovereign-backed Saudi megaproject with overlapping tourism, real estate and infrastructure mandates.
- Qiddiya Investment Company: Saudi PIF-owned entertainment and sports city megaproject southwest of Riyadh, comparable in scale, sovereign ownership structure, sector diversification model and Vision 2030 alignment to NEOM.
- Diriyah Gate Development Authority: Saudi PIF-backed heritage and cultural tourism megaproject near Riyadh, with comparable structure (sovereign-owned, mixed-use mega-development, tourism/real estate/culture focus) and similar Vision 2030 mandate.
- Roshn: PIF-owned Saudi national residential real estate developer delivering master-planned communities across the Kingdom. Comparable as a PIF-controlled Saudi real estate development platform targeting large-scale housing supply.
- King Abdullah Economic City (Emaar Economic City): Saudi Arabia's flagship special economic zone and planned city on the Red Sea coast developed by Emaar, the closest historical analogue to NEOM as a purpose-built integrated economic city in Saudi Arabia.
- Masdar City: Abu Dhabi government-backed clean-tech and renewable-energy focused planned city developed by Masdar, with comparable clean-sheet greenfield design, 100% renewable mandate, sector-company structure and sovereign backing.
Regional players
- Lusail City: Qatar's flagship planned city built around FIFA World Cup 2022 infrastructure, comparable as a Gulf-region purpose-built smart city with integrated real estate, transport and commercial zones anchored by sovereign investment.
Broad incumbents
- Songdo International Business District: Korean greenfield smart city built on reclaimed land with ubiquitous sensors and digital infrastructure, comparable as a globally recognized clean-sheet smart-city benchmark with technology-embedded urban planning.
- Sino-Singapore Tianjin Eco-City: China-Singapore government-backed greenfield eco-city in Tianjin, comparable as a bilateral sovereign partnership developing a sustainability-anchored planned city from scratch, often cited alongside NEOM as a global eco-city reference.
Emerging players
- Forest City Malaysia: Country Garden-backed greenfield planned city in Johor, Malaysia, comparable as a sovereign-tied (Malaysia-China Special Economic Zone) clean-sheet master-planned urban project with a sustainability narrative.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
NEOM social profiles
Digital presenceNEOM compliance and trust
Trust signalCompliance4 records
NEOM financial estimates
Financial estimateRevenue estimate
Valuation estimate
NEOM leadership team
Management profileNumber of profiles
Profiles12 records
NEOM subsidiaries and ownership
Company hierarchySubsidiaries9 records
NEOM funding detail
Funding detailFunding overview
Funding rounds3 records
Investors15 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
NEOM M&A and investment
M&A and investmentM&A
Investments14 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about NEOM
What does NEOM do?
NEOM is a state-backed regional development project in northwest Saudi Arabia building a 26,500 km² cognitive city-region spanning six sub-regions (Oxagon, THE LINE, Trojena, Islands of NEOM, Magna, Nature Reserve), 15 knowledge-economy sectors, and operating infrastructure including the Port of NEOM and NEOM Bay Airport. The project develops and operates renewable-powered industrial, residential, tourism, biotech, mobility and digital-infrastructure assets (including a hyperscale AI data center campus and the world's largest green hydrogen plant) under Saudi Vision 2030, generating revenue from port logistics, green hydrogen/ammonia offtake, data center colocation, real estate, investment returns and tourism.
Is NEOM a public or private company?
NEOM is a private company. It is classified as state government owned and is currently operating.
When was NEOM founded?
NEOM was founded in 2017. It employs 1 to 10 people.
Where is NEOM based?
NEOM is headquartered in Riyadh, Saudi Arabia, in the Middle East region.
How does NEOM make money?
Six revenue lines are on record. Port Operations & Trade Logistics are the primary driver. The others are green Hydrogen & Ammonia Sales, data Center Colocation & AI Compute, real Estate & Industrial Zone Development, investment & Joint Venture Returns and tourism & Hospitality Services.
Who are NEOM's main competitors?
Direct peers on record are Red Sea Global, Qiddiya Investment Company, Diriyah Gate Development Authority, Roshn, King Abdullah Economic City (Emaar Economic City) and Masdar City. Lusail City is listed as a regional player. Broad incumbents are Songdo International Business District and Sino-Singapore Tianjin Eco-City. Forest City Malaysia is listed as an emerging player.
Does NEOM have an API?
No public API is recorded for NEOM.
What industry is NEOM in?
NEOM's product category is Regional Economic Development. Its primary akta.pro industry code is BPAMANAE, Location Intelligence, Analytics & Geospatial BI, with a secondary code of HDAAAEAL, Remote Sensing & Geospatial Vision (satellite/drone imagery). Its NAICS code is 541370 and its SIC code is 6552.