NEOM Is a pioneering model of urban and regional development, an integrated economic ecosystem that will support the economic transformation of the Kingdom ofSaudi Arabia and act as a catalyst for investment across a number of important sectors. NEOM will focus on a number of specialized investment sectors and strategic sectors, including energy and water, mobility, biotech, food, technological & digital sciences, advanced manufacturing, tourism, media, and entertainment. The focus on these sectors will stimulate economic growth and diversification, drive local industry, and job creation, and GDP growth in the Kingdom. NEOM is backed by more than $500 billion over the coming years by the Kingdom of Saudi Arabia through the Saudi Arabian Public Investment Fund