NEOM

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

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

• Regional economic development
• Renewable energy infrastructure
• Smart city development
• Green hydrogen production
• Sustainable urban planning

Headquarters

HQ city

Riyadh

HQ country

Saudi Arabia

HQ region

Middle East

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. 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.
2. 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.
3. 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.
4. 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.
5. 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.
6. 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

Go-to-market motion4 records

Distribution channels6 records

Marketing channels9 records

Core 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

Named customers10 records

Segments6 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability13 records

Feature6 records

Partnerships

16 partnerships are on record, tiered flagship, core and minor.

• Air ProductsflagshipStrategic or Co-development PartnerEqual 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 PowerflagshipStrategic or Co-development PartnerEqual 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.
• DataVoltflagshipStrategic or Co-development Partner$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.
• DSVflagshipStrategic or Co-development Partner$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 or Co-development PartnerStrategic 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 GroupcoreStrategic or Co-development PartnerMoU 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)coreStrategic or Co-development Partner$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 / DFDScoreChannel Partner/ Reseller/ DistributorPartnership 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).
• GoogleminorGTM or Marketing Partner360-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 RacingcoreStrategic or Co-development PartnerPartnership 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.'
• AramcominorStrategic or Co-development PartnerPartner 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 CommissionminorStrategic or Co-development PartnerPartner 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)minorStrategic or Co-development PartnerGovernment 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.
• WebuildminorImplementation/ SI/ Consulting PartnerItalian 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 GlobalcoreStrategic or Co-development PartnerState-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.
• CandelaminorChannel Partner/ Reseller/ DistributorSwedish 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

Direct 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

• YouTubeyoutube.com/watch?v=iV4gLPFlgxE
• Xx.com/NEOM

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries9 records

Funding overview

Funding rounds3 records

Investors15 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments14 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NEOM