Real Estate : NEOM Key Asks

KEY ASKS FROM THE BOARD

Real Estate

User Unique ID

VISION

Approved
Not Approved

Residential
Provide an exceptional living environment to residents so that the world’s best talent chooses to live in NEOM vs other global talent hubs

Hotels
Help achieve NEOM’s mission of creating an exceptional destination by offering visitors never-seen-before hospitality experiences

Offices
Provide an enriching working environment for the world’s best talent by fostering collaborative working and innovation

Retail
Offer residents and visitors world-class and seamless “online” and “physical” retail & F&B experiences everywhere in NEOM

STRATEGY SUMMARY

What will NEOM Real Estate strategy deliver by 2030

Strategy Summary

Approved
Not Approved

Create the world’s most technologically advanced and sustainable collection of buildings

Foster a sense of community by incentivising home ownership among early residents

Develop iconic building designs that define NEOM’s visual identity, are hyper mixed-use & respectful of nature

Provide real estate products and services that are affordable while offering world-class livability

Beyond the initial supply-led phase to kick-start NEOM, real estate to be demand and private sector driven

Help create a world-class real estate champion in NEOM including creating own hotel brand

Attractive profitability and appreciation for real estate owners and investors

PHASE 1 (till 2025) ENDORSEMENT NEEDED

Subject to subsequent approval of detailed ﬁnancials

PHASE 1 (2021-2025) ENDORSEMENT NEEDED

Moonshot Project 18:  The world’s most technologically advanced, sustainable and iconic collection of buildings	Capex (till 2025) SAR Bn	% of capex to be contributed by NEOM	Indicative IRR (2030)	Endorsed	Not endorsed
Development of residential units for mid & high income residents and service staff living in NEOM in the first 5 years	Development of residential units for mid & high incomeresidents and service staff living in NEOM in the first 5 years Capex(till 2025)SAR Bn	Development of residential units for mid & high incomeresidents and service staff living in NEOM in the first 5 years % of capex tobe contributedby NEOM	Development of residential units for mid & high incomeresidents and service staff living in NEOM in the first 5 years IndicativeIRR(2030)	Development of residential units for mid & high incomeresidents and service staff living in NEOM in the first 5 years Endorsed	Development of residential units for mid & high incomeresidents and service staff living in NEOM in the first 5 years Not endorsed
Development of Phase 1 hotels to establish NEOM’s brand as a premier visitor destination	Development of Phase 1 hotels to establish NEOM’s brandas a premier visitor destination Capex(till 2025)SAR Bn	Development of Phase 1 hotels to establish NEOM’s brandas a premier visitor destination % of capex tobe contributedby NEOM	Development of Phase 1 hotels to establish NEOM’s brandas a premier visitor destination IndicativeIRR(2030)	Development of Phase 1 hotels to establish NEOM’s brandas a premier visitor destination Endorsed	Development of Phase 1 hotels to establish NEOM’s brandas a premier visitor destination Not endorsed
Development of the first 2 iconic office complexes: NEOM Authority HQ and a Financial Center	Development of the first 2 iconic office complexes:NEOM Authority HQ and a Financial Center Capex(till 2025)SAR Bn	Development of the first 2 iconic office complexes:NEOM Authority HQ and a Financial Center % of capex tobe contributedby NEOM	Development of the first 2 iconic office complexes:NEOM Authority HQ and a Financial Center IndicativeIRR(2030)	Development of the first 2 iconic office complexes:NEOM Authority HQ and a Financial Center Endorsed	Development of the first 2 iconic office complexes:NEOM Authority HQ and a Financial Center Not endorsed
Development of adequate world-class retail space (including food and beverage) for the first 5 years	Development of adequate world-class retail space(including food and beverage) for the first 5 years Capex(till 2025)SAR Bn	Development of adequate world-class retail space(including food and beverage) for the first 5 years % of capex tobe contributedby NEOM	Development of adequate world-class retail space(including food and beverage) for the first 5 years IndicativeIRR(2030)	Development of adequate world-class retail space(including food and beverage) for the first 5 years Endorsed	Development of adequate world-class retail space(including food and beverage) for the first 5 years Not endorsed
Total

Moonshot Project 18:  The world’s most technologically advanced,
sustainable and iconic collection of buildings

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