- Farah - News Editor
Crown Prince Mohammed bin Salman said on Monday his $500 billion flagship project NEOM, a huge economic zone eventually meant to house nine million people, will be partly financed through a flotation expected in 2024. The city's first phase is set to cost 1.2 trillion riyals ($319 billion), half of which will come from the kingdom's sovereign wealth fund, the Public Investment Fund, he said.