NEOM is Formed as Closed Joint Stock Company by PIF

Posted on 01/29/2019

Saudi Arabia’s Public Investment Fund (PIF) incorporated a new closed joint-stock company under the name NEOM to begin the ambitious Vision 2030 undertaking. NEOM aims to develop a US$ 500 billion economic zone in a strategy to move Saudi Arabia away from its heavy reliance on oil. The 26,500 square-kilometer NEOM is being constructed in […]