NEOM Secures 10 Billion SAR Credit Facilities Agreement for Immediate Financing Needs
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NEOM Secures 10 Billion SAR Credit Facilities Agreement for Immediate Financing Needs

BySEVL Team

NEOM has recently finalized a credit facilities agreement worth 10 billion SAR to address its short-term financing necessities, coinciding with significant advancements in its primary projects’ development momentum. Structured on a Murabaha model, this credit arrangement aims to bolster the progress stages of NEOM’s flagship projects, including “The Line,” “Oxagon,” “Turogina,” and “Sandalah.” NEOM’s CEO,…

Neom’s Optimistic Downscaling: Navigating Towards a Sustainable Future
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Neom’s Optimistic Downscaling: Navigating Towards a Sustainable Future

BySEVL Team

Neom, Saudi Arabia’s visionary project, adjusts the scale of its futuristic city, The Line, reflecting a strategic pivot towards sustainability and quality. While initially envisioned to accommodate 1.5 million residents by 2030, The Line is now poised to become a vibrant hub for an estimated 300,000 inhabitants, aligning with Saudi Arabia’s commitment to long-term success….