Saudi crown prince says NEOM will raise capital amounting to 500 billion riyals -state TV

Summary by Ground News
Neom is Prince Mohammed bin Salman's plan to turn an expanse of desert the size of Belgium into a high-tech region. Officials will seek to raise another 600-billion riyals from other sovereign wealth funds in the region, private investors in Saudi Arabia and abroad, and an initial public offering of Neom itself on the Saudi stock market. Neom will start engaging major potential investors by the end of this year.
Published 4 months ago · Riyadh, Saudi Arabia

News Articles

More Filters
All
Left
Center
Right

Saudi Arabia plans 120 km long skyscraper for $1 trillion

According to a report in the Wall Street Journal, the kingdom has readied the blueprint of the skyscraper which it dubbed the 'Mirror Line'.

4 months ago·Mumbai, India
Read Full Article

Saudi crown prince says NEOM will raise capital amounting to 500 billion riyals -state TV

Saudi Arabia's Crown Prince Mohammed Bin Salman said the government will raise 500 billion riyals of capital in 2027 and tap the market for an additional 200-300 billion riyals for the country's futuristic city project NEOM, state al-Ekhbariya TV reported early on Tuesday.

4 months ago·United Kingdom
Read Full Article

Saudi Crown Prince Touts Vertical Homes, Offices In Zero-Carbon City

The zero-carbon city that Saudi Arabia plans to build at NEOM will vertically layer homes, offices, public parks and schools within a mirrored facade stretching over 170 km (150 miles), the crown prince said in remarks carried by state media

4 months ago·New Delhi, India
Read Full Article

Eye-popping: Saudi Prince Unveils Mirrored Skyscraper Eco-city

A futuristic Saudi megacity is to feature two skyscrapers extending across a swathe of desert and mountain terrain, according to the latest disclosures on the project by the kingdom's de facto ruler. The parallel structures of mirror-encased skyscrapers extending over 170 kilometres (more than 100 miles), known collectively as The Line, form the heart of the Red Sea megacity NEOM, a plank of Crown Prince Mohammed bin Salman's bid to diversify th…

4 months ago·United States
Read Full Article

Saudi Arabia reveals plans for a 170-kilometre-long skyscraper eco-city

The city will be 200 metres wide, run entirely on renewable energy and will include a high-speed rail with an end-to-end transit of 20 minutes.

4 months ago·Australia
Read Full Article

Saudi Arabia plans vast layered 'zero-carbon city'

The zero-carbon city that Saudi Arabia plans to build at Neom will vertically layer homes, offices, public parks and schools within a mirrored facade stretching over 170km, the crown prince said in remarks carried by state media.

4 months ago·Ireland
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

38% of the sources lean Right
Middle East Monitor
NDTV
ABC Australia
Bloomberg
Rappler
The National
Al-Monitor
+3
Reuters
IBTimes
RTÉ
Channel News Asia
Sky News
Al Jazeera
+6
Times of India
New York Post
Financial Post
National Post
Gulf News
Arab News
+5
OAN
National Review
L 28%
C 34%
R 38%
See less detail