
Total amount raised
$5.7 Billions
Latest funding date

Location
NEOM has successfully raised significant funding through various rounds, positioning itself as a key player in futuristic city development. The project aims to redefine livability, business, and conservation with advanced technology and sustainable solutions.
Keep reading to explore the intricacies of NEOM's fundraising journey and the investors backing this ambitious initiative.
What Is NEOM?
NEOM, founded in 2019, is a groundbreaking project located in Riyadh, Ar Riyad, Saudi Arabia. The initiative aims to redefine urban living through advanced technology and sustainable solutions.
Paul Potgieter, the founder, envisioned NEOM as a hub for economic growth, progressive laws, and innovative solutions. The project is part of Saudi Arabia's Vision 2030 initiative, focusing on creating a new model for urban living.
With a workforce of 1001-5000 employees, NEOM is set to become a cutting-edge industrial powerhouse. The project promises a diverse destination featuring sun-soaked beaches, snow-capped mountains, and a unique climate, all powered by 100% renewable energy.
How Much Funding Has NEOM Raised?
- Debt Financing
- Amount Raised: $3B
- Date: January 2025
- Lead Investors: Nine international banks
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support various projects across NEOM, including infrastructure, urban development, construction, and transport sectors.
- Debt Financing
- Amount Raised: SAR10B (approx. $2.67B)
- Date: April 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To ensure the continuation and success of NEOM's large-scale projects.
NEOM has raised a total of $5.67B in funding. The current valuation is not publicly disclosed.
Key Investors
- HSBC
- Details: HSBC is a British multinational investment bank and financial services holding company. It operates in over 64 countries and territories, serving more than 40 million customers.
- Investment Focus Areas: Infrastructure, urban development, construction, transport.
- Notable Investments: Not publicly disclosed.
- Banco Bilbao Vizcaya Argentaria (BBVA)
- Details: BBVA is a Spanish multinational financial services company. It offers retail banking, asset management, private banking, and wholesale banking services.
- Investment Focus Areas: Infrastructure, urban development, construction, transport.
- Notable Investments: Not publicly disclosed.
- Bank of China
- Details: Bank of China is one of the four biggest state-owned commercial banks in China. It provides a comprehensive range of financial services including corporate banking, personal banking, and financial markets services.
- Investment Focus Areas: Infrastructure, urban development, construction, transport.
- Notable Investments: Not publicly disclosed.
- Crédit Agricole CIB
- Details: Crédit Agricole CIB is the corporate and investment banking arm of Crédit Agricole. It specializes in capital markets, investment banking, structured finance, and commercial banking.
- Investment Focus Areas: Infrastructure, urban development, construction, transport.
- Notable Investments: Not publicly disclosed.
- Agricultural Bank of China
- Details: Agricultural Bank of China is one of the "Big Four" banks in China. It provides a wide range of banking services including corporate banking, personal banking, and financial markets services.
- Investment Focus Areas: Infrastructure, urban development, construction, transport.
- Notable Investments: Not publicly disclosed.
What's Next for NEOM?
NEOM's future is brimming with opportunities, particularly in infrastructure, urban development, construction, and transport. With a recent $3 billion financing secured, the project is poised to leverage Italian SMEs and international banks to drive its ambitious goals. This financing not only supports ongoing projects but also opens doors for future investments and collaborations.
However, NEOM faces challenges in integrating international suppliers and managing large-scale projects. Navigating the economic and political landscape will be crucial to maintaining investor confidence. Despite these hurdles, the project's innovative approach and strong international partnerships suggest a promising path forward, with potential for further fundraising and growth.
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