Some companies, including Japan's Softbank, have said they are prepared to invest in NEOM, but major, concrete business investments have not yet been announced. It will develop a smart transmission and distribution network with the latest and most advanced technologies. It aims to be one of the pillars of the Kingdom’s economic transformation. We will strive to become the world leading in commercializing clean energy intensive industries, such as Green Hydrogen. 1-The city of NEOM . The company will maintain an office in Riyadh to run the company’s business, collaborate with project partners — such as government agencies and private companies — and keep communication channels open with investors. NEOM will build a 100% renewable energy system and establish a world-class customer experience. Thousands of companies, large and small, will collaborate in NEOM. Here is just a tiny sample of projects on the drawing board:---HSBC, with vast experience in infrastructure investment, is keen to participate. Saudi Arabia’s Neom Bay Airport, part of the futuristic $500 billion Neom project, has achieved … Major global companies and investors will be invited to participate. The ambition of the NEOM project is a strong impetus for many international companies to share Saudi Arabia in building the City of the Future. Neom Bay Airport marks major milestone with debut commercial flight. Saudi Crown Prince Mohammed bin Salman announced at the end of October 2017 the plan to build the $ 500 billion NEOM project, which is located in the north-west of the kingdom and includes three countries: Saudi Arabia, Egypt and Jordan. The Kingdom hopes to receive widespread international support for this amazing opportunity. The move to NEOM comes as progress onsite continues to pick up speed. The government's Center for International Communications and Neom’s management team has not yet officially revealed any further details about the contract awards. Located on the Red Sea cost, Neom is a $500 billion investment and part of the Kingdom’s Vision 2030, which aims to attract foreign investment and create jobs in an effort to reduce the kingdom’s dependence on oil. Through the creation of a global biotech innovation hub and ecosystem for rapid integration of the technologies into health practices, NEOM will be home to both aspirational and established biotech companies. The Kingdom will supervise NEOM via an Authority to be chaired by the Crown Prince. Making revolutionary biotech a reality. Al-Tamimi Group and Saudi Arabian Trading & Construction Co (Satco) have been awarded a contract each to build and operate 'Construction Village' housing 30,000 workers from the team behind $500bn (SAR1.9tn) Saudi Arabian Neom futuristic super-city, the Public Investment Fund-backed (PIF) gigaproject launched at the Future Investment Initiative 2017 conference in Riyadh by … NEOM will inspire the world to re-imagine the relationship between people and nature through our commitments and our actions. NEOM will become a strategic global hub connecting Arabia with the greatest endeavours of the world. Tomorrow’s healthcare will start life here. The $500 billion NEOM project will be developed over an area of 26,500 km2 in the north-west of the Kingdom. The major companies from various investment sectors are scrambling to give to the construction of the $ 500 billion megacity. 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