{"id":6797,"date":"2023-07-26T20:29:58","date_gmt":"2023-07-26T17:29:58","guid":{"rendered":"https:\/\/scbcouncil.com\/?p=6797"},"modified":"2023-07-26T20:30:01","modified_gmt":"2023-07-26T17:30:01","slug":"saudi-arabias-neom-seeks-usd-2-7-billion-loan-to-build-futuristic-city","status":"publish","type":"post","link":"https:\/\/scbcouncil.com\/en\/saudi-arabias-neom-seeks-usd-2-7-billion-loan-to-build-futuristic-city\/","title":{"rendered":"Saudi Arabia\u2019s Neom seeks USD 2.7 billion loan to build futuristic city"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Neom, a unit of Saudi Arabia\u2019s Public Investment Fund, is talking to a group of mostly local lenders to raise money to help fund early stages of the USD 500 billion megaproject headed by Crown Prince Mohammed bin Salman. Banks are negotiating terms with Neom and, if agreed, the loan could be completed in the next few months, according to sources. In addition, Neom is planning to raise up to SAR 3 billion from local banks to fund the development of Shushah Island, a luxury tourism development, according to sources.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Neom, a unit of Saudi Arabia\u2019s Public Investment Fund, is talking to a group of mostly local lenders to raise money to help fund early stages of the USD 500 billion megaproject headed by Crown Prince Mohammed bin Salman. Banks are negotiating terms with Neom and, if agreed, the loan could be completed in the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6798,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-6797","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Saudi Arabia\u2019s Neom seeks USD 2.7 billion loan to build futuristic city - SCBC<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scbcouncil.com\/en\/saudi-arabias-neom-seeks-usd-2-7-billion-loan-to-build-futuristic-city\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saudi Arabia\u2019s Neom seeks USD 2.7 billion loan to build futuristic city - SCBC\" \/>\n<meta property=\"og:description\" content=\"Neom, a unit of Saudi Arabia\u2019s Public Investment Fund, is talking to a group of mostly local lenders to raise money to help fund early stages of the USD 500 billion megaproject headed by Crown Prince Mohammed bin Salman. 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