NOEM Project cost break-up
Introduction
are the key investment values for major components of the NEOM project:
Overall NEOM Project
The total estimated value of the entire NEOM project is approximately $500 billion. Some sources estimate it could reach up to $1.5 trillion.
Green Hydrogen Plant
NEOM Green Hydrogen Company (NGHC) has achieved financial close on what will be the world’s largest green hydrogen production facility:
• Total investment value: $8.4 billion
• Financed with $6.1 billion in non-recourse financing from 23 local, regional and international banks and financial institutions
• Engineering, Procurement and Construction (EPC) agreements valued at $6.7 billion
Key Features of the Green Hydrogen Plant
• Will integrate up to 4GW of solar and wind energy
• Aims to produce up to 600 tonnes per day of carbon-free hydrogen by the end of 2026
• Will produce green ammonia as a cost-effective solution for transportation and industrial sectors globally
NEOM Investment Fund (NIF)
While the exact size of the NEOM Investment Fund is not specified in the search results, it has been established as a strategic investment arm to support the development of NEOM’s 14 priority sectors. The fund has already made investments in companies such as Pony.ai, Regent, Boom Technology, BlueNalu, and Animoca Brands.
Other Components
• The Line: A linear megacity designed to house 9 million people
• Oxagon: A floating industrial complex and automated port
• Trojena: A sustainable mountain tourism destination
• Sindalah: A high-end island destination
• Gulf of Aqaba: A 74-mile coastal strip including various developments
While specific investment values for these individual components are not provided in the search results, they are all part of the massive overall NEOM project valued at $500 billion to $1.5 trillion.
Conclusion
It’s important to note that NEOM is still in development, and these figures may evolve as the project progresses. The substantial investments highlight Saudi Arabia’s commitment to diversifying its economy and creating a futuristic, sustainable urban area as part of its Vision 2030 plan.