NEOM Company Setup Saudi Arabia

NEOM — Saudi Arabia's flagship giga-project on the Red Sea coast — is developing a series of special economic zones with their own regulatory frameworks, including The Line, Sindalah, Aqaba, and Oxagon. Businesses supplying goods, services, or labour to NEOM and other giga-projects (Red Sea Project, Qiddiya, KAEC, Diriyah) face specific registration, ICV (In-Country Value) certification, and compliance requirements that differ from standard Saudi commercial registration.

Intelli Solutions advises businesses on NEOM-related company setup, giga-project supply chain compliance, and the tax incentive structures available to companies establishing operations in Saudi Arabia's special economic zones.

NEOM Supply Chain Considerations

• Saudi Commercial Registration: All suppliers to NEOM must hold a valid Saudi CR — either a domestic entity or a registered foreign branch
• ICV (In-Country Value) Certification: NEOM and other giga-projects prioritise suppliers with high ICV scores — measuring local content, Saudi employment, and local procurement. ICV certification affects tender scoring
• MISA Registration: Foreign companies without existing Saudi presence must obtain MISA investment licences before commencing supply activities
• Saudization Compliance: NEOM contracts often contain specific Saudization requirements — minimum Saudi national employment ratios as contract conditions
• ZATCA Compliance: All companies operating in Saudi Arabia (including in special zones) are subject to ZATCA VAT, Zakat, and Fatoorah e-invoicing obligations