SACE-backed financing accelerates NEOM’s infrastructure projects, advancing Saudi Arabia’s Vision 2030 goals.
NEOM, the $500 billion mega-city and centerpiece of Saudi Arabia’s Vision 2030, has secured $3 billion in financing guaranteed by Italy’s SACE (Servizi Assicurativi del Commercio Estero). This milestone agreement demonstrates the global confidence in NEOM’s transformative ambitions and its commitment to building a sustainable, smart, and innovative city of the future.
NEOM secures $3 billion SACE-backed financing
The funding, led by a consortium of international banks, supports NEOM’s key infrastructure projects and ongoing construction efforts. With this financial backing, NEOM can accelerate the development of its cutting-edge initiatives such as The Line, Oxagon, and Trojena, each designed to showcase technological innovation and environmental sustainability. These projects will redefine urban living and establish NEOM as a global hub for technology, tourism, and trade.
NEOM attracts international investment and strategic partnerships
Strengthening Global Partnerships
NEOM’s partnership with SACE is part of a broader strategy to foster strong international collaborations that bolster its large-scale infrastructure programs. The involvement of global lenders highlights NEOM’s credibility and market appeal. This agreement aligns with the ambitions of Saudi Arabia’s Vision 2030 to attract foreign investment and build long-term economic resilience through diverse partnerships.
Funding accelerates smart infrastructure across NEOM’s key projects
Transformational Impact on the Region
The financing will contribute to a range of groundbreaking projects that aim to position Saudi Arabia as a leader in sustainability and technological innovation. The Line, a 170-kilometer linear urban development, will house millions of residents while maintaining a zero-carbon footprint. Oxagon, NEOM’s floating industrial hub, will revolutionize logistics and smart manufacturing, while Trojena, a futuristic mountain destination, will offer year-round adventure tourism.
The Line, Oxagon, and Trojena lead NEOM’s sustainable future vision
In addition to infrastructure, the financing is expected to generate thousands of job opportunities, stimulate local industries, and create a ripple effect that benefits communities across the Kingdom. NEOM’s advancements are set to elevate Saudi Arabia’s standing as a global leader in innovation, sustainability, and economic diversification.
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