Saudi mega-city project NEOM secures $5.6 billion for workforce housing
- Date: 07-Jun-2023
- Source: Arab Weekly
- Sector:Real Estate
- Country:Saudi Arabia
Saudi mega-city project NEOM secures $5.6 billion for workforce housing
RIYADH
Saudi Arabia’s planned mega-city NEOM has secured 21 billion riyals ($5.60 billion) in financing and finalised contracts to develop the first phase of housing expansion for its workforce, it said in a statement on Tuesday.
NEOM, a huge economic zone eventually meant to house nine million people, said it plans to offer contracts for a second phase in the temporary residential project in the coming months.
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