NEOM
The new future
Real Estate
Established 2019
Saudi Arabia
![NEOM](/-/media/project/pif-corporate/pif-corporate-site/our-investments/portfolio/giga-projects-logos/neom-logo-white.png?h=130&iar=0&w=190)
Development of NEOM is progressing rapidly:
NEOM opened its first airport in 2019
It is building the world’s largest green hydrogen plant
Work is underway on THE LINE, a 170-kilometer city
OXAGON will be its reimagined industrial city
Trojena will be NEOM’s skiing destination
About NEOM
Supporting Saudi Vision 2030, NEOM's zero-carbon, circular economy and revolutionary design will reduce urban sprawl and enhance livability.
NEOM will become a community powered by talent and diversity across 14 sectors that will not only diversify the Saudi economy, but offers solutions that other parts of the world can benefit from.
![Neom](/-/media/project/pif-corporate/pif-corporate-site/our-investments/giga-projects/neom/neom-about.png)
![Neom Neom](/-/media/project/pif-corporate/pif-corporate-site/our-investments/giga-projects/neom/neom-video.png?h=600&iar=0&w=600)
All about Neom
A project unique in scale
The realization of the masterplan for NEOM – the future of work, living and sustainability – is advancing every day.
![Neom](/-/media/project/pif-corporate/pif-corporate-site/our-investments/giga-projects/neom/neom-facts.png)
Facts about this initiative:
- Located on the coastline of the Red Sea in northwest Saudi Arabia, NEOM is being built as a living laboratory, a place where entrepreneurship and innovation will chart the course for a new future.
- NEOM will be a destination, a home for people who dream big and want to be part of building a new model for sustainable living, working and prospering.
- NEOM will provide a plethora of unique development opportunities, as its strategic coastal Red Sea location is notable for its proximity to international markets and trade routes.
- NEOM will cover 26,500 square kilometers and will be powered by 100% renewable energy.