Saudi Arabia has secured $15 billion in new foreign direct investment (FDI) for its ambitious NEOM megacity project, marking one of the largest single-day investment inflows into the Kingdom.

The funding comes from a mix of global infrastructure funds, sovereign investors, and multinational corporations. NEOM, a centerpiece of Saudi Arabia’s Vision 2030 strategy, aims to diversify the economy beyond oil through smart city innovation and sustainable development.

Officials confirmed that the new capital will accelerate construction of The Line, NEOM’s futuristic linear city, as well as renewable energy and logistics infrastructure.

The investment surge highlights growing investor confidence in Saudi reforms, including regulatory easing and foreign ownership incentives. According to government data, FDI inflows have risen by over 20% year-on-year, reflecting strong economic transformation momentum.

From a business perspective, this development is expected to boost sectors such as construction, technology, and tourism. Analysts also note that NEOM could contribute $100 billion annually to Saudi GDP by 2030.

Looking forward, the project remains a critical test of Saudi Arabia’s ability to deliver large-scale economic transformation while maintaining investor confidence.

Source : BloomBerg.