{"id":91981,"date":"2024-11-27T00:00:00","date_gmt":"2024-11-27T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/11\/27\/neom-is-a-generational-investment-with-an-extended-timeline-al-falih-says\/"},"modified":"2024-11-27T00:00:00","modified_gmt":"2024-11-27T00:00:00","slug":"neom-is-a-generational-investment-with-an-extended-timeline-al-falih-says","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/11\/27\/neom-is-a-generational-investment-with-an-extended-timeline-al-falih-says\/","title":{"rendered":"Neom is a \u201cgenerational investment\u201d with an extended timeline, Al Falih says"},"content":{"rendered":"

Neom is again making the rounds in the foreign press<\/strong>, with Investment Minister Khalid Al Falih telling Reuters<\/a> on the sidelines of the World Investment Conference that the gigaproject is a \u201cgenerational investment\u201d with an extended timeline that will not be completed in \u201ctwo, three or five years.\u201d Al Falih also added that the megacity was not \u201c100% PIF\u201d and that foreign investment is starting to pick up. \u201cThe flywheel is starting and it will gain speed as we go forward, as some of the foundational assets come to the market,\u201d the minister explained. <\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

REMEMBER- <\/strong>Italian state export credit agency Sace pledged USD 3 bn in loan guarantees to Neom earlier this month<\/a>, with the move coming as part of a push by Italy for lucrative contracts at the megacity. The Saudi state is also recalibrating spending<\/a> on megaprojects including Neom as part of a drive to promote fiscal prudence and prioritize projects with a more immediate economic impact.<\/p>\n

ALSO- <\/strong>Bloomberg<\/a><\/strong> is out with an opinion piece looking at women\u2019s labor force<\/strong> participation<\/strong> in Saudi and the Kingdom\u2019s economic diversification push. <\/p>\n","protected":false},"excerpt":{"rendered":"

Foreign investment is starting to pick up at the megacity<\/p>\n","protected":false},"author":1,"featured_media":91982,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2561],"tags":[10,466,765,100,229],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-91981","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-saudi-in-the-news","tag-enterpriseam-ksa","tag-investment-ministry","tag-khalid-al-falih","tag-neom","tag-saudi-in-the-news","wpautop","entry"],"acf":{"mongo_id":"17b5907e-50e3-41d4-a483-a897f03be474","order":"11","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/11\/2522.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Neom is a \u201cgenerational investment\u201d with an extended timeline, Al Falih says","related_issue":[91961],"teaser":"Foreign investment is starting to pick up at the megacity","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.4c981501-f865-489d-9d8f-6de5fd890a47.mp3"},"yoast_head":"\nNeom is a \u201cgenerational investment\u201d with an extended timeline, Al Falih says - 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