NEOM, the $500 billion project wholly owned by Saudi Arabia’s Public Investment Fund, will make a "big" announcement on March 3.

The company has promised “something big is coming”, adding the phrase: “Astonishing possibilities - don’t miss them" to its official Twitter account.

NEOM’s website features a countdown which will end at 4 p.m. Saudi time, under the banner “Journey to new heights”.

In November 2021, NEOM launched OXAGON, touted to be the largest floating industrial complex in the world.

NEOM had launched The Line in January 2021, a proposed smart city that will have no cars, no streets, and no carbon emissions.