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NEOM News

The latest news and information about NEOM, ENOWAOXAGONTHE LINE, TROJENA and other NEOM related projects

With a flotation pencilled in for 2024, financing NEOM is the next big move

Indeed, nearly one in five Saudis would like to live in NEOM

Faisal Durrani, partner and head of Middle East Research at Knight Frank

As NEOM’s THE LINE designs have been revealed, the focus is now shifting to funding the development.  The project’s masterminds are already aware of the challenges and what is needed to bring in investors and a possible stock market flotation has been earmarked for 2024.

“The planned funding of NEOM’s ambitious THE LINE project is also on a truly epic scale,” according to London-based economist and former King Fahd University of Petroleum and Minerals Prof. Mohamed Ramady. 

Crown Prince Mohammed bin Salman acknowledged that NEOM’s capital will come from sovereign wealth funds, initial public offering, and international private investors, adding this will be the main challenge to overcome in the next two years.

Read the full story at Arab News