Top 5 Opportunities for Your Business When Setting Up in NEOM

Saudi Arabia’s NEOM megacity is no longer just a futuristic vision, it’s becoming one of the most tangible investment destinations in the world. Backed by the Public Investment Fund (PIF), NEOM is designed to be a global hub for innovation, clean energy, advanced manufacturing, tourism, and digital transformation. NEOM aims to attract global talent and investment by leveraging its unprecedented scale, cutting-edge technology, and bold vision for the future. 

For companies considering expansion into Saudi Arabia, NEOM represents a once-in-a-generation opportunity. As part of a broader initiative under Saudi Vision 2030, NEOM is being developed to drive innovation and sustainable growth. NEOM stands as a symbol of a new future for business and urban living, redefining what is possible in the region. 

In this blog, we explore the Five Biggest Opportunities for Businesses Entering NEOM Today, and how to position yourself for success. 

1. Oxagon: Where the Port Meets the Factory 

Oxagon, NEOM’s floating industrial city, is designed as the beating heart of advanced and clean industries. Strategically located as a key site within NEOM, Oxagon is built around a 1.5 million TEU smart port and a 48 km² core zone, integrating Industry 4.0 technologies, AI, robotics, IoT, and renewable energy. The planned airport in Oxagon will further support logistics and connectivity, linking the city to other regions and enhancing its infrastructure. 

Opportunity for your business: If you’re in advanced manufacturing, modular construction, automated warehousing, cold-chain logistics, or industrial tech, Oxagon is the place to be. Businesses that establish early can anchor themselves as key suppliers for NEOM’s rapidly growing industrial ecosystem. Securing contracts will be crucial for suppliers and manufacturers looking to enter Oxagon and participate in its development. There is also significant potential for collaboration between international companies and local partners, fostering joint ventures and shared innovation within Oxagon. 

2. Green Hydrogen: Powering the World from NEOM 

At the center of NEOM’s clean-energy ambitions lies the NEOM Green Hydrogen Company (NGHC), a $8.4 billion joint venture with Air Products and ACWA Power. By early 2025, NGHC reported 80% construction completion across its hydrogen facility, wind farm, solar farm, and transmission grid. The hydrogen facility is powered by renewable energy sources such as wind and solar, underscoring NEOM's commitment to sustainability. 

When operational, it will produce 600 tonnes of green hydrogen per day, converted into green ammonia for export worldwide. This makes it the largest hydrogen project on the planet, and a magnet for supply-chain, O&M, and technology providers.  

Opportunity for your business: Companies in electrolyser components, balance-of-plant services, safety systems, hydrogen-ready transport, or energy storage can plug into NGHC’s value chain. There are also export opportunities through the Port of NEOM, linking hydrogen production with global markets. 

3. Tourism & Hospitality: Sindalah Today, Trojena Tomorrow 

While NEOM’s industrial projects are surging ahead, its tourism side offers equally promising avenues. Sindalah and Trojena are designed to attract international visitors, positioning NEOM as a global destination for leisure and exploration. 

• Sindalah Island, unveiled in October 2024, is NEOM’s first luxury destination, complete with marina services, boutique hotels, and F&B opportunities. 

• Trojena, the mountain resort slated to host the 2029 Asian Winter Games. Once operational, it will be a year-round hub for adventure tourism, winter sport, and high-altitude luxury experiences, further cementing NEOM's role in hosting major sporting events. 

Opportunity for your business: Investors in hospitality, F&B, events, or marina services can stage entries around Sindalah’s phased openings, starting with pop-ups and soft launches. With Trojena still in development, Sindalah provides the most immediate tourism opportunity, while Trojena represents a longer-term bet. These tourism projects are also designed to enhance livability for both residents and guests, improving quality of life through innovative planning and world-class amenities. 

4. Digital & AI Infrastructure: The DataVolt Campus 

NEOM is also positioning itself as a digital powerhouse. In February 2025, NEOM signed a deal with DataVolt to build a $5 billion “AI factory” campus in Oxagon, powered by 1.5 GW of renewable energy. The innovative form and shape of the AI campus reflect NEOM's futuristic vision, featuring a unique architectural design that sets it apart from traditional data centers. This DataVolt campus will support NEOM's broader digital transformation by providing the infrastructure needed for advanced AI and high-performance computing. Phase one is set to go live by 2028, focusing on high-performance computing and AI workloads. 

Opportunity for your business: If you specialize in AI, data infrastructure, cybersecurity, MLOps, or sustainable data solutions (like heat reuse or renewable energy integration), NEOM is offering a blank slate to innovate at scale. 

5. NEOM Investment Fund & Supplier Portal: Your Gateway In 

NEOM’s Investment Fund (NIF) is its strategic arm, co-investing in 15 economic sectors ranging from energy and mobility to biotech and media. NIF partners with companies to pilot and scale game-changing solutions, making it the first stop for strategic investors. There is growing interest from international investors in NEOM's investment opportunities, reflecting the project's global appeal. At the same time, NEOM’s Supplier Portal is one of the most practical tools for market entry. Once registered, companies gain visibility of planned tenders up to two years in advance. This foresight allows businesses to prepare, build partnerships, and pre-qualify ahead of time. 

Opportunity for your business: Whether through co-investment with NIF or by tracking tenders through the Supplier Portal, the most effective way to enter NEOM is to align early with its procurement and investment pipelines. Securing contracts through the portal is crucial for establishing long-term business agreements and participating in NEOM's economic growth. 

Your Next Steps 

NEOM offers a rare combination of scale, government backing, and first-mover advantages. But capturing these opportunities requires careful planning: 

1. Register on the NEOM Supplier Portal to unlock tender visibility. 

1. Map your business to one of NIF’s 15 focus sectors. 

1. Stage your market entry, focus on Oxagon and NGHC now, while preparing for Sindalah and Trojena later. 

1. Design pilots that align with NEOM’s ESG, AI, and renewables-first strategy. 

With the right positioning, your business can secure its place at the heart of one of the world’s most ambitious economic zones. 

Looking to set up your business in NEOM? 

At TASC Outsourcing, we help global companies seamlessly navigate licensing, GRO/PRO compliance, workforce regulations, and tender participation across Saudi Arabia. With over 18 years of experience in the GCC, we take responsibility for guiding clients through NEOM's vast land and dynamic business landscape, ensuring your NEOM entry is fast, compliant, and future-ready.  

Connect with our experts today! and let’s unlock NEOM’s opportunities together.