Riyadh – May 16, 2025
Saudi Arabia’s NEOM announced the appointment of Engineer Ayman Al-Mudaifer as its permanent CEO, following his role as acting CEO since November 2024.
This leadership change is aligned with NEOM’s goal to ensure project continuity and accelerate progress across its mega developments such as The Line, Oxagon, Trojena, Maqna, and NEOM Islands.
From PIF to NEOM Leadership
Before joining NEOM, Al-Mudaifer led the Local Real Estate Investments Department at the Public Investment Fund (PIF). He played a major role in expanding PIF’s infrastructure and tourism portfolio, overseeing over 35 companies.
His background includes work with the Saudi Industrial Development Fund and educational achievements from King Fahd University of Petroleum and Minerals, and training at Chase Manhattan Bank.
Al-Mudaifer is expected to lead NEOM with the support of a strong leadership team, driving Saudi Arabia’s Vision 2030 forward through innovation, sustainability, and smart urban planning.
New Appointments at PIF
In parallel, Saad Al-Kroud has been appointed as Head of Local Real Estate Investments at PIF, taking over Al-Mudaifer’s former role.
Maram Al-Juhani has been named Chief Administrative Officer and Secretary-General of the PIF Board, reflecting continued efforts to strengthen leadership and strategy at the Fund.
These appointments highlight PIF’s focus on long-term growth, with a portfolio exceeding 220 companies, contributing to Saudi Arabia’s economic diversification and global investment strategy.
Read more news about NEOM, Vision 2030, and Saudi leadership at Riyadh Reviews
