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Project Location Total area (km 2) Announcement date Expected completion Cost Website NEOM, [3] including The Line and Trojena: Tabuk: 26,500 2017-10-24 2030 (first phase) $500 billion
The name "Neom" is a portmanteau.The first three letters are the Ancient Greek prefix neo meaning "new". The fourth letter, M, is the first letter of Crown Prince Mohammed bin Salman's name, [18] as well as the first letter of the Arabic word for "future" (Arabic: مستقبل, romanized: Mustaqbal, Hejazi Arabic pronunciation: [mʊsˈtaɡbal]).
The Tamimi Group of Companies, sometimes called the al-Tamimi Group, is a large Saudi Arabian conglomerate of companies involved in supermarket chains, hotels, catering, real estate, oilfield services & supplies, road construction, transportation and trucking, power generation and water filtration.
Saudi Arabia's Crown Prince Mohammed bin Salman said on Monday his $500 billion flagship project NEOM, a huge economic zone eventually meant to house nine million people, will be partly financed ...
In March 2016, it was announced that ownership of Saudi Aramco would be transferred to the PIF and that the Kingdom will seek to list 5 percent of Aramco's shares by 2017. [20] PIF owns Qiddiya, [21] spearheads the Red Sea Project for luxury beach resorts, [22] [23] and owns the closed joint-stock company named Neom.
Saudi Binladin Group (SBG; Arabic: مجموعة بن لادن السعودية, romanized: Majmūʿat bin Lādin al-Suʿūdiyya), known as Binladin Group Global Holding Company since 2019, [1] is a multinational construction conglomerate headquartered in Jeddah, Saudi Arabia.
Roshn was officially launched by the Saudi Public Investment Fund on 19 August 2020 as one of its 5 megaprojects, which are: Neom, Red Sea Project, Qiddiya, and Diriyah Company. [ 4 ] On 24 August 2022, Roshn secured naming rights to the Saudi Pro League in a five-year deal worth $127 million.
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