NEOM has appointed Rayan bin Mohammed Fayez as the deputy CEO to Nadhmi Al-Nasr, the chief executive officer of Saudi Arabia’s gigaproject.
According to a statement from the company, AL-Nasr said: “NEOM is growing rapidly, and development is happening very fast, as we work around the clock to deliver on all projects, especially after the launches of The Line, Oxagon and recently Trojena.”
“This requires sourcing more expert talent at all levels, including for the top management team, where all will collaborate to achieve NEOM’s vision, and to contribute to creating a better future for our coming generations”.
NEOM’s first-ever deputy CEO
The statement added that the company has experienced rapid growth and expansion since its delivery phase early last year. The gigaproject developer had also spent the period prior to its delivery phase focusing on preparing detailed strategies for all sectors and projects.
“NEOM decided to appoint Fayez as deputy CEO, and his start date will be early next June,” Al-Nasr added.
Fayez is currently the managing director and CEO of Banque Saudi Fransi, and has previously held the CEO’s role at Savola Group. In addition, he sits on the boards of King Salman Park Foundation, Sports Boulevard Foundation and AlUla Development Company, among other boards and committees he serves.
The statement added that Fayez graduated from the Massachusetts Institute of Technology with B.Sc. in Mechanical Engineering and has extensive experience in finance and business.