Neom
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Neom is a megaproject in Tabuk Province in Saudi Arabia. It was launched in 2017 by Crown Prince Mohammad bin Salman, who was the driving force and hands-on chair behind the project. The project, whic
The region between the Red Sea and Tabuk, a view from ISS (2013 photo)
Coast and islands, Neom peninsula (middle)
Public Investment Fund
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The Public Investment Fund is the sovereign wealth fund of Saudi Arabia. It is among the largest sovereign wealth funds in the world with total estimated assets of US$900 billion. It was created in 19
Neom
…established a closed joint-stock company named Neom. The company, which is solely dedicated to developing the economic zone of Neom, is wholly owned by the Public Investment Fund, the Saudi government’s sovereign wealth fund. Klaus Kleinfeld was announced by Mohammed bin Salman as the inaugural director for the Neom project upon…
Headquarters at Public Investment Fund Tower
PIF governor Yasir Al-Rumayyan at the FII PRIORITY Asia Summit in Tokyo, 2025