NEOM Welcomes Global Banking Leaders to Witness Progress Firsthand

NEOM Welcomes Global Banking Leaders to Witness Progress Firsthand

NEOM, in the northwest of Saudi Arabia, recently hosted representatives from 52 global, regional and local financial institutions.

While in NEOM, guests witnessed the progress achieved so far in key projects such as THE LINE, the Oxagon, Trojena, and Sindalah, this last a luxury island destination set to open soon.

Visitors had a firsthand look at the entire NEOM project and investment opportunities, and took part in focus sessions with the NEOM leadership team to explore potential strategic partnerships.

The event was an opportunity to present NEOM’s commitment to sustainable growth and development, and emphasize its focus on environmental, social, and governance (ESG) principles.

A key part of the program was a site visit to THE LINE, where visitors could see the construction of phase one progressing apace and gained an in-depth understanding of the project's visionary design.

NEOM CEO Nadhmi Al-Nasr said: "NEOM is a bold and ambitious project being delivered in Saudi Arabia for the world. Since inception, we have been establishing strong partnerships to help drive this grand vision forward.

NEOM's vast scale and expertise offer strong and ongoing commercial opportunities for global organizations, including financial institutions. We were pleased to host guests from some of the world’s leading financial institutions in NEOM recently to discuss collaborative avenues.

NEOM is open for business and we welcome all interested parties to be part of our continued success.”

The event drew representatives from 24 international banks and financial institutions from Germany, Spain, France, England, US, China, Japan, and Korea; 13 regional banks from Qatar, Kuwait, and the UAE; and 15 financial institutions from Saudi Arabia.

Last year, NEOM orchestrated the largest public-private partnership for accommodation amounting to a total value of more than SAR21 billion, and also announced a SAR37.5-billion joint venture with DSV to provide logistics services for NEOM.

News of these, and other NEOM partnerships, were received positively by guests at Discover NEOM China, which took place in Beijing, Shanghai and Hong Kong earlier this month with more than 500 senior business and industry leaders in attendance.