A Saudi minister has broken silence over recent claims suggesting that Riyadh's NEOM mega project's 'THE LINE' has been scaled back from an initial distance of 170 kilometres to only 2.4 km. In a recent World Economic Forum interview in Riyadh,...
NEOM has secured a new revolving credit facility (RCF), worth SAR 10 billion ($2.667 billion), that will support short-term financing requirements as NEOM moves forward with the development of major projects, including TROJENA, THE LINE, OXAGON and the...
Saudi Arabia’s economy minister rejected recent reports that the kingdom’s $1.5 trillion NEOM megaproject, a futuristic desert development on the Red Sea coast, is scaling back some of its plans. “All projects are moving full steam ahead,”...
In a further show of progress and stability, NEOM has hosted representatives from 52 global, regional and local financial institutions in the developing region. While in NEOM, guests witnessed ongoing progress across key projects such as THE LINE, OXAGON,...
