Crown Prince says THE LINE project infra to cost between $100-200 bln

11/01/2021 Argaam

Crown Prince Mohammed bin Salman

Saudi Crown Prince and board chairman of NEOM, Mohammed bin Salman, said the infrastructure of THE LINE project within NEOM will range between $100 billion and $200 billion, Asharq Al-Awsat newspaper reported.

 

He added that the backbone of investment in THE LINE project will be the support from the Kingdom's government, Public Investment Fund (PIF) as well as local and international investors, at a total value of $500 billion over 10 years.

 

The project was launched after planning and preparation over the past three years, the Crown Prince said.

 

According to data compiled by Argaam, the Crown Prince unveiled THE LINE project, a city of million residents, spanning 170 kilometers, that preserves 95% of nature within the mega project.

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