Linklaters advises on Neom’s US$5.6B smart city deal

Neom, the planned smart city in northwest Saudi Arabia, has reached a significant milestone in its development with the finalization of contracts worth SAR 21 billion ($5.6 billion) in investments. The contracts, part of a large-scale public-private partnership for accommodation, mark a major boost for Neom’s residential communities project.

Linklaters has been providing crucial legal advice and guidance to Neom throughout the procurement and development of the residential communities project. The partnership with Linklaters underscores the importance of expert legal support in navigating complex infrastructure initiatives.

As Neom continues to progress in transforming its vision into reality, the collaboration between Neom and Linklaters serves as a testament to the strategic partnerships essential for realizing ambitious infrastructure projects of this scale. The successful procurement of investments will undoubtedly propel Neom’s development forward and bring the intelligent city closer to its grand vision.

Waleed Rasromani (pictured) is a National Managing Partner at Linklaters, Saudi Arabia