NEOM opens office in New York to facilitate investors

NEOM CEO Nadhmi Al-Nasr speaks at the opening ceremony. Supplied
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RIYADH: Saudi Arabia’s giga-project NEOM has opened its first office in New York City amid ongoing efforts to enhance cooperation with US-based investors and industry leaders. 

This move supports the acceleration of NEOM’s efforts to confront global challenges and achieve its vision of redefining the ideal of living, working, and preserving nature.

“We are pleased to witness NEOM opening an office in New York. The promising opportunities it provides are not only limited to the Kingdom but also extend to its regional and international surroundings,” Princess Reema bint Bandar, Saudi Arabia’s ambassador to the US, said in her speech during the official opening of the office.

“Through its role as a catalyst for innovation, sustainable development, and economic diversification, NEOM represents an inspiration for ambitious projects around the world, as it represents a unique model for future cities,” she added. 

NEOM CEO Nadhmi Al-Nasr stressed: “We have a firm conviction in the importance of working with international partners who are able to support our efforts to achieve NEOM’s vision.”

He added: “From this standpoint, we chose New York City to open our second international office, given its international position as a global capital for the financial and business sector.” 

Al-Nasr said that NEOM strengthened its investments and partnerships with several American companies, and through this office, it aspires to develop investment relationship with the industrial and business sectors in the US.

The newly launched office is NEOM’s second international office after the London office, which was opened in November 2023.

As the first international NEOM office, the UK office also serves as a base to support NEOM’s business across Europe, building on existing relations with partners, investors, and stakeholders across the continent, and nurturing new ones, the statement added at the time.