NEOM Project
Sector: Oil and Gas • Location: Saudi Arabia
Source: Devdiscourse
The NEOM project is a futuristic city being developed in Saudi Arabia's western desert on the Red Sea, with an estimated cost of $500 billion. It is part of Saudi Arabia's broader development ambitions, which are currently under pressure due to declining oil prices.
- Status
- Prospective
- Sector
- Oil and Gas, Government
- Location
- Saudi Arabia
- Updated
- 22 Jul 2026
- Source
- Devdiscourse
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Project Information
Participants
Sponsoring Agency |
Status
Original status | Planned |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | The NEOM project is a futuristic city being developed in Saudi Arabia's western desert on the Red Sea, with an estimated cost of $500 billion. It is part of Saudi Arabia's broader development ambitions, which are currently under pressure due to declining oil prices. |
Original sector | Urban Development |
Budget |
Location
Country | Saudi Arabia |
Source
Source | Devdiscourse |
URL |
More Details
Record type | Project |
Sector | Oil and Gas, Government |
Article published date | 2025-03-07 |
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