Asks from the Board: Real Estate User Unique IDVISIONVISIONApprovedNot 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 SUMMARYWhat will NEOM Real Estate strategy deliver by 2030Strategy SummaryApprovedNot 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 NEEDEDSubject to subsequent approval of detailed financialsPHASE 1 (2021-2025) ENDORSEMENT NEEDED Moonshot Project 18: The world’s most technologically advanced,sustainable and iconic collection of buildingsCapex(till 2025)SAR Bn% of capex tobe contributedby NEOMIndicativeIRR(2030)Endorsed Not endorsed Development of residential units for mid & high incomeresidents and service staff living in NEOM in the first 5 yearsDevelopment of residential units for mid & high incomeresidents and service staff living in NEOM in the first 5 years Capex(till 2025)SAR BnDevelopment of residential units for mid & high incomeresidents and service staff living in NEOM in the first 5 years % of capex tobe contributedby NEOMDevelopment 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 brandas a premier visitor destinationDevelopment of Phase 1 hotels to establish NEOM’s brandas a premier visitor destination Capex(till 2025)SAR BnDevelopment of Phase 1 hotels to establish NEOM’s brandas a premier visitor destination % of capex tobe contributedby NEOMDevelopment 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 CenterDevelopment of the first 2 iconic office complexes:NEOM Authority HQ and a Financial Center Capex(till 2025)SAR BnDevelopment of the first 2 iconic office complexes:NEOM Authority HQ and a Financial Center % of capex tobe contributedby NEOMDevelopment 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 yearsDevelopment of adequate world-class retail space(including food and beverage) for the first 5 years Capex(till 2025)SAR BnDevelopment of adequate world-class retail space(including food and beverage) for the first 5 years % of capex tobe contributedby NEOMDevelopment 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 buildingsPhoneSubmit No results found. No vote has yet been taken on this Strategy