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Published 2 years ago

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.

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