Its role Owner
NEOM is a major development company in Saudi Arabia tasked with creating one of the world's most ambitious urban projects. The entity is developing a new city designed to be a hub for innovation, sustainability, and economic diversification.
Its core activities encompass large-scale infrastructure projects, real estate development, and the promotion of new industries including green hydrogen production, advanced manufacturing, and tourism. The company leverages cutting-edge technologies such as artificial intelligence, robotics, and renewable energy systems to build a futuristic urban environment. Key initiatives include The Line, a linear city stretching 170 kilometers, Oxagon for port and industrial activities, and Trojena for tourism and sports.
NEOM operates exclusively in Saudi Arabia, with its primary project site located in the Tabuk Province along the Red Sea. The company is wholly owned by the Public Investment Fund (PIF), which provides the financial backing and strategic direction aligned with national development goals.
As part of the broader Saudi Vision 2030 program, NEOM plays a pivotal role in transforming the kingdom's economy. It positions itself as a global leader in sustainable city development, fostering collaborations with international firms to implement innovative solutions in energy, mobility, and digital infrastructure.
chemXplore tracks 1 project involving NEOM, of which one is active.
GAAP operating loss driven by ~$2.9B pre-tax project-exit charges; adjusted EPS $3.47 beat guidance. Company raises FY26 adjusted EPS outlook and sets capex ≈ $3.5B.
active all projects
