The Neom Investment Fund could potentially expand to 400 billion riyals, the prince told reporters in Jeddah. For the first time, he also outlined details on how he plans to finance Neom – one of the largest and most complex construction projects in the world.
“We have big aims to get Saudi Arabia among the top three largest stock markets on the planet,” Prince Mohammed said, adding that he expects the IPO of Neom will happen around 2024 and could add more than 1-trillion riyals to the size of the kingdom’s market.
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