NEOM Deputy CEO Rayyan Fayez has identified the Saudi giga-project's enabling infrastructure – spanning energy, water, digital connectivity, and investment incentives – as a core driver attracting third-party capital, speaking at FII Priority Europe 2026.
He cited NEOM's USD 9 billion green hydrogen project, developed in partnership with Air Products and ACWA Power, as a model example, noting the venture has secured USD 6.2 billion in debt financing alongside equity contributions from shareholders who identified NEOM as an attractive location for large-scale industrial development.
The project builds on NEOM's broader regional connectivity push, which in April saw the Port of NEOM enable a European multimodal land bridge facilitating truck-carried freight movement from Europe through Egypt into the Gulf. Strategically positioned on the Red Sea near key inland corridors, the Port of NEOM continues strengthening its role as a regional logistics hub linking Europe, Africa, Asia, and the Middle East.
Gulf Economist Staff Writer