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Saudi Arabia seeks $2.7BN loan to help build Neom mega-city: report

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Saudi Arabia is exploring plans to raise $2.7 billion for its futuristic mega-city in an effort to complete most of the construction by 2030

to diversify the oil-rich state's economy as the world seeks to shift away from fossil fuel consumption in an effort to meet net-zero emission commitments.

told Bloomberg in 2018Other parts of the vision include building a tourist destination on Saudi Arabia's West coast, as well as embarking on a global investment spree to increaseRepresentatives for Neom did not immediately respond to Insider's request for comment made outside of normal working hours.Subscribe to push notifications

 

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