Northwest Saudi Arabia’s sustainable regional development, NEOM last night announced that it has opened its first US office in New York City. One of the top financial centres of the world will serve as NEOM’s base for business across the US. This follow’s NEOM’s launch of its London office in November 2023.
Saudi Arabia’s Ambassador to the United States, HRH Ambassador Reema Bandar Al Saud attended the official opening at the invitation of Nadhmi Al-Nasr CEO of NEOM, who hosted the occasion and addressed the guests and strategic partners in attendance.
The office in New York will work to strengthen the existing relationships between NEOM and the US and also work to build new partnerships and sources of investment from the United States. NEOM already has several existing partnerships with US entities.
For example – NEOM Green Hydrogen Company (NGHC) has already collaborated with USA Company Air Products (NYSE: APD), and ACWA Power where NGHC is building the world’s largest carbon free green hydrogen plant in Oxagon in NEOM at a total investment value of $8.4 billion.
Having a physical presence in New York will enhance NEOM’s ability to partner with US companies to incubate and commercialize new sustainable technologies that can be leveraged in NEOM and across the globe.
The statement by NEOM said, the collaboration with innovative and world-leading US industries, corporations and investors, will accelerate NEOM’s efforts to address global challenges by redefining livability, business, and conservation.
HRH Ambassador Reema Bandar Al Saud, said: “The potential impact of NEOM extends far beyond Saudi borders. By serving as a catalyst for innovation, sustainable development, and economic diversification, NEOM has the power to inspire similar initiatives around the world – driving positive change and serving as a blueprint for the cities of tomorrow.”
Bob Stefanowski will lead the NEOM USA Office as Managing Director. Stefanowski is a proven global financial executive who has previously held C-suite positions at General Electric, UBS and 3i Group plc.
Nadhmi Al-Nasr, CEO of NEOM, said in the statement “In order to continue to achieve the vision of NEOM, it is imperative that we work alongside global partners that can accelerate our efforts. We chose New York City as our second international NEOM office due to its position as a global capital for business and finance. NEOM has already established many investments and partnerships with U.S. entities, and through this office, we intend to build our relationships among key industry verticals and business sectors.”
