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.

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