Business

Saudi Arabia lures executives to Neom with millions of dollars in salary, zero taxes


According to an internal Neom document, Neom is paying senior executives around $1.1 million a year, showing how the kingdom is using massive pay packages to attract employees. Global talent comes to the Crown Prince. Mohammed bin Salmannational transformation plan.

Neom is the most ambitious project in Saudi Arabia and one of dozens of property developers and startups set up to promote Crown Prince Mohammed’s social and economic reforms. The kingdom is recruiting foreign executives to lead new industries — tourism, technology and entertainment — that, until recently, have been virtually non-existent in the kingdom.

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