Saudi Arabia Faces Funding Constraints, Invites Investors to Visit Megaproject

Saudi Arabia is facing difficulties in funding its $500 billion Neom megaproject, which includes the ‘The Line’ city. Neom officials have invited potential investors to visit the futuristic city, and have visited China and Hong Kong in search of new investment. Despite these efforts, financial constraints have forced the project to be scaled back significantly. The project aims to raise $1.3 billion through bond issuance and has held meetings with investors in major cities around the world.

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