Neom The Line Mirror Line shares will be offered for sale until 2024


Neom will add 01 trillion riyals to the value of the Saudi stock market Shares

Crown Prince Mohammed bin Salman has said Neom shares will-be offered for sale by 2024.

Saudi Crown Prince Mohammed bin Salman released the design of  The Line city  Mirror Line in Neom

Neom Mirror The Line City SHARES offered for sale until 2024: Saudi stock market


The Line City a step towards a bright future


According to Al Arabiya Prince Mohammed bin Salman has said that neom City will add 01 trillion riyals to  value of the Saudi stock market.


Crown Prince Mohammed bin Salman  expressed this in an interaction with journalists while announcing the design of The Line City Mirror Line.  Project will cost 500 billion dollars.

 

Crown Prince Saudi Arabia has said that the Saudi Stock Exchange market will initially increase by at least $320 billion due to the progress based plans for New City & will increase to $1.3 trillion in total.


Plans to develop 06 more The Line Mirror Line style projects in Neom

According to Neom CEO some of these attractions will open in 03  years.

06 more The Line Mirror Line style projects are planned to be developed in Neom.


Arab News has written with reference to News Agency Arabia that this was said by the CEO of Neom Mr Nazimi Al Nasr.


Nazimi Nasr said that the urban planning and development work of all the projects has started & more details will-be announced after the finalization of  site plan.


What is happening in modern city of Neom City?

Saudi Crown Prince Mohammed bin Salman announcement to establish a carbon free city in Neom Project.

The Line in Neom : A carbon free city closer to nature

NEOM City Project VIDEO :


According to Neom CEO some of these entertainment venues will-open after 03 years.


Most important task for the company in the last ⁰³ years was to set the strategy & get the approval of the board of directors.


In 2020 Neom focus was on dealing with the coronavirus. It didn't  have-much impact on the project but the biggest challenge was attracting national & international partnerships.


Furthermore Neom has partnered with local companies for worker accommodation & attracted attention of contractors for infrastructure works Nazimi Nasr said.


 Video :The Line City Neom :


 He said that the number of Saudi employees in Neom was more than 45 percent which included engineers & financial experts. According to him local people will-lead the development of Neom with support of foreign employees.

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It should be noted that this week Saudi Arabia Crown Prince Mohammed bin Salman who is also Chairman of the Management Board of Neom Company announced the establishment of a carbon free The Line city  Mirror Line in Neom.