NEOM News

The latest news and information about NEOM, The Line and related projects

Construction of NEOM’s ‘The Line’ will start before the end of 2021: PIF governor

"We're hoping we will finalize all the plans before the end of the year and we will start construction before the end of this year,"

Governor Yasir Al-Rumayyan

Construction on NEOM's largest development ‘The Line’ is expected to start by the end of this year, the governor of the Saudi wealth fund said.

Governor Yasir Al-Rumayyan said in a virtual event hosted by the Future Investment Initiative Institute (FII) on Tuesday.  NEOM's officials announced earlier that there are many areas under development in addition to The Line, such as an industrial city and many resort areas. 

NEOM is seeking contractors and investors for the giga project, which is located in northwest of Saudi Arabia, on the Red Sea coast.  About 150 design and construction companies visited NEOM in the last four days, as the Saudi giga-project aims to explore partnership opportunities.

Read the full story at Arab News