The CEO of NEOM has confirmed that 30,000 of the employees in NEOM are subjected to a strict strategy for securing information and data. Nadhmi Al-Nasr made the remarks while describing the features of cybersecurity in NEOM during the 2nd edition of the Global Cybersecurity Forum in Riyadh.
Saudi Arabia’s upcoming mega project ‘THE LINE’ is now under construction. The 170-kilometre linear city, which is being built in the kingdom’s north-west Tabuk province, saw excavators digging a wide trench in the desert. THE LINE, which will have a mirror façade, is set to be 500 metres tall, accommodating nine million people and will be built on a footprint of 34 square kilometres.
Saudi Arabia is working with Lazard Ltd. as it considers how it will pay for NEOM, Crown Prince Mohammed bin Salman’s ambitious $500 billion plan for a high-tech desert city, people familiar with the matter said.
The New York-based investment bank is helping the kingdom evaluate financing options, including debt sales and a potential initial public offering on the Saudi stock exchange, according to the people.
Saudi Arabia’s $500-billion megaproject NEOM is negotiating with entities to invest $20 billion to develop its planned brine chemicals complex in the industrial city OXAGON, according to a report. Citing a close source familiar with the matter, MEED reported that the development will be built in phases and require somewhere between $15 billion to $20 billion in investments.
