Saudi Arabia’s Public Investment Fund (PIF) is restructuring its NEOM projects to enhance economic efficiency and long-term financial sustainability, according to its governor. Yasir Al-Rumayyan, Governor of the Public Investment Fund, said the changes form part of the fund’s 2026–2030 strategy and will be implemented in a phased and disciplined manner.

OXAGON is expected to host a major port, industrial infrastructure, data centres and renewable energy assets, positioning it as a key driver of investment and growth within the broader NEOM ecosystem.

“These initiatives will be rolled out in stages to ensure that objectives are met in a measured, sequential manner,” Yasir Al-Rumayyan said at a press conference in Riyadh. He added that NEOM’s roadmap is based on commercially driven prioritisation, with the current phase focused on OXAGON as the project’s primary industrial and economic hub.

The governor described OXAGON as a critical element of the development due to its scale and economic impact, with future phases expected to reduce PIF’s direct financial contribution as projects mature.

Al-Rumayyan said the revised strategy is designed to balance ambition with practical delivery, ensuring NEOM’s long-term financial sustainability while maintaining its role in Saudi Arabia’s economic transformation.

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