Cryptocurrency Q&A
Who is funding NEOM?
Who is funding NEOM?
SumoPride
Sat Aug 17 2024
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6 answers
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Could you elaborate on the sources of funding for the ambitious NEOM project? Are there any specific governments, corporations, or private investors who have pledged significant contributions towards its realization? Is there a mix of domestic and international backers, and how do they collaborate to ensure the project's financial sustainability and success? Additionally, are there any known challenges or obstacles in securing funding for such a groundbreaking endeavor?
6 answers
SakuraSpiritual
Mon Aug 19 2024
NEOM, a division of the sovereign wealth fund of a prominent kingdom, has recently achieved a significant financial milestone.
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Chiara
Mon Aug 19 2024
This new credit facility underscores the confidence that local lenders have in NEOM's vision and its potential for growth.
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SeoulStyle
Mon Aug 19 2024
On April 28th, the company announced that it had secured a new revolving credit facility (RCF) from local lenders.
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Federico
Mon Aug 19 2024
The value of this RCF is a substantial 10 billion riyals, which translates to approximately $2.67 billion in US dollars.
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Riccardo
Mon Aug 19 2024
The news of this achievement was made public through a NEOM statement that was shared with Reuters on Sunday.
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