What is the latest status of the project “NEOM”?

The status recorded for “NEOM” is under construction.

What is the budget and commercial profile for the project “NEOM”?

Taiyo normalizes the budget of “NEOM” to USD 9000000000000.

Where can I verify the source and access all details for “NEOM”?

This Taiyo project page references Newsweek along with the original URL (https://www.newsweek.com/megaprojects-under-construction-2026-noem-kaec-california-london-11226613). Taiyo standardizes official data into a consistent, searchable project profile.

NEOM

Sector: Oil and Gas • Location: Tabuk Province, Saudi Arabia

Source: Newsweek

Project

Under Construction

NEOM is Saudi Arabia’s flagship gigaproject being built in the country’s northwest Tabuk Province, along the Red Sea and Gulf of Aqaba near the borders with Egypt and Jordan. It is envisioned as a vast region of new developments including the linear city The Line, the Oxagon port—a floating industrial complex, and coastal resorts. The project is a major component of Saudi Arabia's Vision 2030 to d

Status: Under Construction
Sector: Oil and Gas, Manufacturing (Industrial)
Location: Tabuk Province, Saudi Arabia
Updated: 22 Jul 2026
Source: Newsweek

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Project Information

4 Q

The project “NEOM” is an infrastructure initiative in the Oil and Gas sector, located in Tabuk Province, Saudi Arabia. Taiyo aggregates data on it from Newsweek.

Participants

Not available for this record.

Status

Original status	under construction
Taiyo status	Under Construction
Taiyo last update	2026-07-22

Contact

Not available for this record.

Description

Description	NEOM is Saudi Arabia’s flagship gigaproject being built in the country’s northwest Tabuk Province, along the Red Sea and Gulf of Aqaba near the borders with Egypt and Jordan. It is envisioned as a vast region of new developments including the linear city The Line, the Oxagon port—a floating industrial complex, and coastal resorts. The project is a major component of Saudi Arabia's Vision 2030 to diversify its economy away from oil dependence.
Original sector	Infrastructure
Budget

Location

Country	Saudi Arabia
State	Tabuk Province

Source

Source	Newsweek
URL

More Details

Record type	Project
Sector	Oil and Gas, Manufacturing (Industrial)
Article published date	2025-12-28

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