Projects

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...