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  • SAUDI ARABIA BREAKING NEWS

Saudi Crown Prince Says NEOM Will Raise Capital Amounting To 500 Billion Riyals - State TV






PARIS, France - 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 - Ekbariya TV reported early on Tuesday.


The crown prince added in remarks to reporters that NEOM will rely on government support until 2030, then it will become self - sustaining.

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