NEOM Saudi Arabia has inaugurated its first office in New York City. This establishment serves as a hub to support its business operations, investments, and relationships with the financial and business community across America, according to a statement released on Tuesday.
Location, Significance of New York Office
The office, located in the “50 Hudson Yards” tower in Manhattan, represents NEOM’s second international office following the London office that opened in November 2023. This supports NEOM’s activities in the United Kingdom and across Europe and establishes fruitful new relationships with partners, investors, and relevant entities.
Leadership at New York Office
Bob Stefanovski has been appointed as the Director of NEOM’s office in the United States. He is a prominent global financial manager, previously holding leadership positions in several companies, including General Electric, UBS, and Three i Group PLC, according to the statement.
Objectives of NEOM’s New York Office
NEOM stated that the opening of its New York office aims to strengthen its existing relationships with American institutions. Additionally, the office seeks to discover and attract more partnerships and new investment opportunities from the United States.
The office will contribute to opening new horizons for collaboration with American companies and investors, including innovators and industry leaders, supporting NEOM’s efforts to face global challenges and achieve its vision of redefining the ideal of living, working, and preserving nature.
Comments from Saudi Ambassador
Princess Reema bint Bandar, the Saudi Ambassador to the US, commented during the office’s official opening, “We are pleased to witness the opening of NEOM’s office in New York.”
The promising opportunities it provides are not only influential in the Kingdom but extend to its regional and international surroundings.
CEO of NEOM on Strategic Choice of New York
Engineer Nazmi Al-Nasr, CEO of NEOM, stated, “We firmly believe in the importance of working with international partners capable of supporting our efforts to realize NEOM’s vision. Therefore, we chose New York City for our second international office, given its global stature as a financial capital.”
Enhancing Investments, Partnerships
Al-Nasr added that NEOM has enhanced its investments and partnerships with several American companies. Through this office, NEOM aspires to develop its investment relationship with the industrial and business sectors in the United States.
Key Global Partnerships
Among its major global partnerships, NEOM’s Green Hydrogen Company is currently working on building the world’s largest carbon-free green hydrogen plant in OXAGON, with total investments worth $8.4 billion (31.5 billion SAR).
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