Country: Saudi Arabia
NEOM is established as a closed joint-stock company on January 22, 2019, fully owned by the Public Investment Fund of Saudi Arabia (PIF).
NEOM is a new destination being created in the Northwest of Saudi Arabia. Based along the Red Sea and Gulf of Aqaba, at the intersection of Asia, Europe and Africa and along one of the world's busiest economic arteries, NEOM is strategically placed at the crossroads of the world with an area of 25,500km2. NEOM is just an 8-hour flight from 70% of the global population.
NEOM aims to be the future of livability as its foundation, unprecedented in scope. The name "NEOM" is derived from two words. The first three letters from the Ancient Greek prefix neo-meaning "new". The fourth letter is from the abbreviation of Mostaqbal, an arabic word meaning "future". And the name suggests, it will be the land of the future where the best ideas, most promising start-ups, established companies, future industries and the best talents are joined to create solutions for the challenges facing humanity.