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The Red Sea Development Company

NEOM is an key development project on the Red Sea coast in Saudi Arabia, designed to be a global hub, welcoming individuals from all around the world to leave a creative and innovative imprint. The community already consists of residents from more than 80 different nationalities, including NEOM employees, their families, and commercial partners, attracted by the promise of an enticing lifestyle and exceptional economic prospects.

NEOM, epitomizes the ‘new future’. Over 2,800 personnel, representing 86 nations, currently reside and contribute their skills on-site. NEOM has already become a haven for those who dare to dream big and desire to contribute to a new economic blueprint for Saudi Arabia and the world.

Oxagon: a reimagined industrial city

With a diverse assortment of sectors and regions, backed by Saudi Arabia’s Public Investment Fund as well as local and global investors, this community, teeming with talent and diversity, will span 14 distinct sectors, namely, including; Manufacturing Water, Technology and Digital, Entertainment and Culture, Education, Design and Construction, Food, Energy, Sport, Tourism, Mobility, Health, Well-being and Biotech, Financial Services, Media

Construction of NEOM is well underway, with the first destinations set to open in 2024. The development plan is phased, with OXAGON welcoming its initial residents in 2024 and TROJENA evolving into a live-work-vacation hotspot by 2026. THE LINE’s first sections will come to life in 2026, and by 2030, NEOM’s population will hit a million, growing to nine million by 2045.

Upon its completion, NEOM is projected to host a population of over 2 million people, being a home for diverse sectors including technology, tourism, and manufacturing.

NEOM will be home to a myriad of sectors, covering all verticals of the knowledge economy, including Design & Construction, Education, Energy, Entertainment & Culture, Financial Services, Food, Health & Wellbeing, Manufacturing, Media, Mobility, Sport, Technology & Digital, Tourism, and Water.  NEOM is designed as a futuristic city, with a focus on sustainable development that could leave a significant mark on the global economy.

Some notable features of NEOM include:

  • Its status as a renewable energy-powered smart city.

  • Its role as a hub for innovation and advanced technology.

  • An anticipated population of over 2 million people.

  • Hosting a variety of industries, including technology, tourism, and manufacturing.

  • Being a model city for sustainable development.

  • Its potential to significantly influence the global economy.

This ambitious undertaking presents a transformative vision for the future and has the potential to redefine global city planning and development.

NEOM is designed to be a global hub, welcoming individuals from all around the world to leave a creative and innovative imprint. The community already consists of residents from more than 80 different nationalities, including NEOM employees, their families, and commercial partners, attracted by the promise of an enticing lifestyle and exceptional economic prospects.

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