Saudi Arabia To Create $80 Billion Investment Fund For NEOM Megaproject

OilPrice.com | Jul 26, 2022 at 12:30 PM
  • The Saudi state will fund most of the projects within NEOM.
  • Saudi Arabia also plans an initial public offering (IPO) for NEOM for 2024 to finance part of the enormous costs for building a mega clean-energy city on a plot of land the size of Belgium.
  • It remains to be seen how much the NEOM construction will cost and how Saudi Arabia will pay for it.