NEOM attracting interest from Japanese investors, tourists

Niall Gibbons, Managing Director of Tourism for NEOM. (ANJ)
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Updated 21 September 2023
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NEOM attracting interest from Japanese investors, tourists

  • Endorsement by Japan’s government, trade bodies bodes well for growth, says Niall Gibbons, tourism MD for the Kingdom’s project
  • Tokyo is latest stop on ‘Discover NEOM’ tour that is marketing the region globally

TOKYO: Saudi Arabia’s NEOM development has attracted significant interest from Japanese firms, according to Niall Gibbons, managing director of tourism for the Kingdom’s project.

“So far, it has been a very productive day here in Tokyo on the third leg of our Asian tour. We have had strong representation from various Japanese companies,” Gibbons told Arab News Japan in an interview conducted in Tokyo.

“It’s about a couple of things really. First, it is about NEOM telling its story in relation to the size and scale and ambition of the project. Also, it is an opportunity for a two-way dialogue. This is part of building relationships and is really, really important, especially relationships for the long term.”

Gibbons was speaking at the Tokyo stop of the “Discover NEOM” tour, which is being held in major cities around the world. Wednesday’s event took place at the Toranomon Hills Forum in the center of Tokyo.

Gibbons said they were pleased with the turnout and to have the opportunity to discuss some of the key regions and sectors of NEOM, including The LINE, education research, sport and tourism.

A reception with an exhibition of The LINE was organized to provide an opportunity for engagement.

“There certainly is a lot (of) interest from Japanese companies. Just talking to people casually during networking meetings over lunch, I think people are really excited about the project, the scale and ambition, and I think when you put it in the context of the Saudi 2030 Vision, including creating a thriving economy and vibrant society, I think NEOM really is part of that and we, the audience, are very happy to be a part of that two-way dialogue,” he said.

Gibbons said a positive sign was the participation of officials from the Japanese government, including representatives from METI, JCCME and JETRO — the Ministry of Economy Trade and Industry, the Japan Cooperation Center for the Middle East, and the Japan External Trade Organization.

“I think it is good to have that level of endorsement, particularly for the audience here and it’s always good to have those strong bilateral ties.”

Gibbons noted “there has been very strong government support,” adding, “I think those relationships are important and today we really got started with the conversation on the business arrangements. And in time, it will be important for these relationships to move onward after today and develop into very strong business ties that make for a vigor essential for the success in the long term.”

Gibbons, who has been living in NEOM for five months, said that with design input from world-leading architects and designers, there is great confidence with regard to future-proofing the project.

Replying to a question on when NEOM will be completed, Gibbons said that it is a long-term project, but the first element of The LINE is due to be completed at the end of 2027. “Our first tourism project, which is Sindalah, which is my area of responsibility, is opening in 2024 and each year from then onwards — 2025, 2026, 2027, 2028, 2029 — there is something coming on stream.”

“The NEOM team is starting out a very ambitious sales and marketing strategy and we are currently representing NEOM at about 16 different trade shows around the world to attract those who seek safe and secure destinations, and like direct air travel and competitive air access is going to be important in the future. I am building relationships in the travel trade, and they are keen to be on board,” he said.


First EU–Saudi roundtable on critical raw materials reflects shared policy commitment

Updated 16 January 2026
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First EU–Saudi roundtable on critical raw materials reflects shared policy commitment

RIYADH: The EU–Saudi Arabia Business and Investment Dialogue on Advancing Critical Raw Materials Value Chains, held in Riyadh as part of the Future Minerals Forum, brought together senior policymakers, industry leaders, and investors to advance strategic cooperation across critical raw materials value chains.

Organized under a Team Europe approach by the EU–GCC Cooperation on Green Transition Project, in coordination with the EU Delegation to Saudi Arabia, the European Chamber of Commerce in the Kingdom and in close cooperation with FMF, the dialogue provided a high-level platform to explore European actions under the EU Critical Raw Materials Act and ResourceEU alongside the Kingdom’s aspirations for minerals, industrial, and investment priorities.

This is in line with Saudi Vision 2030 and broader regional ambitions across the GCC, MENA, and Africa.

ResourceEU is the EU’s new strategic action plan, launched in late 2025, to secure a reliable supply of critical raw materials like lithium, rare earths, and cobalt, reducing dependency on single suppliers, such as China, by boosting domestic extraction, processing, recycling, stockpiling, and strategic partnerships with resource-rich nations.

The first ever EU–Saudi roundtable on critical raw materials was opened by the bloc’s Ambassador to the Kingdom, Christophe Farnaud, together with Saudi Deputy Minister for Mining Development Turki Al-Babtain, turning policy alignment into concrete cooperation.

Farnaud underlined the central role of international cooperation in the implementation of the EU’s critical raw materials policy framework.

“As the European Union advances the implementation of its Critical Raw Materials policy, international cooperation is indispensable to building secure, diversified, and sustainable value chains. Saudi Arabia is a key partner in this effort. This dialogue reflects our shared commitment to translate policy alignment into concrete business and investment cooperation that supports the green and digital transitions,” said the ambassador.

Discussions focused on strengthening resilient, diversified, and responsible CRM supply chains that are essential to the green and digital transitions.

Participants explored concrete opportunities for EU–Saudi cooperation across the full value chain, including exploration, mining, and processing and refining, as well as recycling, downstream manufacturing, and the mobilization of private investment and sustainable finance, underpinned by high environmental, social, and governance standards.

From the Saudi side, the dialogue was framed as a key contribution to the Kingdom’s industrial transformation and long-term economic diversification agenda under Vision 2030, with a strong focus on responsible resource development and global market integration.

“Developing globally competitive mineral hubs and sustainable value chains is a central pillar of Saudi Vision 2030 and the Kingdom’s industrial transformation. Our engagement with the European Union through this dialogue to strengthen upstream and downstream integration, attract high-quality investment, and advance responsible mining and processing. Enhanced cooperation with the EU, capitalizing on the demand dynamics of the EU Critical Raw Materials Act, will be key to delivering long-term value for both sides,” said Al-Babtain.

Valere Moutarlier, deputy director-general for European industry decarbonization, and directorate-general for the internal market, industry, entrepreneurship and SMEs at European Commission, said the EU Critical Raw Materials Act and ResourceEU provided a clear framework to strengthen Europe’s resilience while deepening its cooperation with international partners.

“Cooperation with Saudi Arabia is essential to advancing secure, sustainable, and diversified critical raw materials value chains. Dialogues such as this play a key role in translating policy ambitions into concrete industrial and investment cooperation,” she added.