Designed to stand on top of a mountain overlooking an artificial lake at the centre of the Trojena development, the crystalline skyscraper will be 330 metres tall.
Renders of the tower, which will contain observation decks and restaurants, show a crystal-like structure made of numerous columns that taper towards the peak.
"Elegant and monumental, this iconic tower will combine high-end retail, dining and the dream-like experience of living in the clouds," said the developer.
"This iconic commercial, high-rise tower will provide a rich platform for groundbreaking and tech-infused artistic content and experiences."
The skyscraper forms part of the wider Trojena plan, which is being masterplanned by German studio LAVA architects.
It will stand on the opposite mountain to the ski resort also designed by LAVA architects and will be connected to a series of hotels alongside the lake by a cable car.
Trojena, which is one of the four regions of Neom that has been announced, is intended to be fully complete before the region hosts the Asian Winter Games in 2029.
Being developed in the northwest of Saudi Arabia, the Neom project is one of the largest and most controversial projects in world and includes the 170-kilometre-long city called The Line.
Human rights group ALQST reported that three people who were evicted from the Neom site have been sentenced to death and earlier this year, UN Human Rights Council experts expressed "alarm" over the imminent executions. Saudi Arabia responded to the UN by denying abuses had taken place.
Speaking to Dezeen, Amnesty International's Peter Frankental said that companies working on Neom were facing a "moral dilemma" and should "think twice" about their continuing involvement in the project.