NEOM has announced the inauguration of its strategic investment arm, the NEOM Investment Fund (NIF), NEOM’s wholly owned subsidiary which is set up to support the buildout and development of NEOM’s 14 priority sectors and deliver long-term value while enabling creation of jobs in NEOM.
NIF will invest globally through Mergers & Acquisitions and venture capital in technology startups, with a clear focus on pioneering growth companies and next-generation industries. NIF will also develop Joint Ventures and partnerships with large multinationals, institutional investors and innovators within NEOM.
As part of its inauguration, NIF is announcing new investments in companies including Regent, Pony.AI, Boom Technology, BlueNalu and Animoca Brands, details of which will be shared in the coming days. These investments, which add to those NIF has led to date, illustrate its role working alongside NEOM sectors to support their strategies for growth, enabling new technologies, establishing businesses, and creating a thriving economy in NEOM.
As a catalyst for change, NIF actively seeks deep partnerships with like-minded investors and bold entrepreneurs working on the world’s most complex problems, in line with NEOM’s vision. It aspires to create regional and global champion companies across NEOM’s 14 economic sectors by investing in commercially viable projects and ‘moonshot’ ideas enabled by cutting edge technologies. To accelerate the change, NIF will focus on developing investment opportunities for the private sector to participate in and will directly invest to unlock solutions that would be piloted and scaled-up in NEOM, and eventually exported to the world.
As part of its mandate, NIF will also be assuming the role of portfolio manager for NEOM’s sector assets and companies. This role will safeguard returns for the shareholder and investors through portfolio synergies and will underpin NEOM’s long-term financial sustainability.
For more information about NEOM Investment Fund, visit https://www.neom.com/en-us/invest/neom-investment-fund
