Earlier this month, Bloomberg reported that the financial realities of the project, which could cost as much as $1.5 trillion, have started to cause alarm within the Saudi government. In…
Saudi Arabia just took its Neom road show to China.Neom officials visited Beijing, Shanghai, and Hong Kong to court Chinese investors.No deals were announced, but one attendee said the event…
For the first time, Saudi Arabia is inviting hundreds of private bankers this week to visit Neom, its futuristic — and cash-strapped — city in the desert, Bloomberg reported.Neom CEO…
Saudi Arabia's Neom project is set to issue bonds for the first time as its developers seek new funding sources, Bloomberg reported.The $500 billion desert megacity could raise up to…
Saudi Arabia is plowing on with its ambitious Neom project, despite reported setbacks.The Kingdom has said "millions of cubic meters of earth and water" are being moved each week.Here's a…
The project's finances may prove a sticking point, though, since the kingdom's sovereign wealth fund has yet to approve Neom's budget for 2024, Bloomberg reported. The Bloomberg report said the…