Projects

Neom, located in northwestern Saudi Arabia, is emerging as a leading production and creative hub in the country's business media sector. With the largest soundstages in Saudi Arabia and a total of ten stages set to be operational by mid-2024, including a cutting-edge volumetric stage, Neom is the largest purpose-built production facility in the region. The Neom region, spanning 26,500...

Saudi Arabia is embarking on the ambitious Neom development project, which includes creating a zero-carbon region called The Line. As part of this endeavor, Neom has partnered with Volocopter to introduce electric flying taxis for transportation. The Line aims to be a sustainable city powered by renewable energy, with a focus on green transportation. Neom plans to operate three types...

Saudi Arabia NEOM Investment Fund (NIF) has announced its acquisition of a 6% stake in Technogym, the Italian fitness equipment maker. The investment, totaling €111 million ($120.83 million), establishes NIF as a long-term minority shareholder in Technogym. In a reverse accelerated bookbuilding operation, NIF purchased 8.8 million shares from other investors and entered a derivative solution for the purchase of...