Along with The Line, NEOMs plans included an industrial city, ports, and tourism developments.
The minister further said: The delay or rather the extension of some projects will serve the economy.
One option includes accelerating debt sales and lining up equity offerings in its portfolio companies, Bloomberg News reported.
By arranging these equity offerings, the PIF aims to generate liquidity and potentially realize gains from its investments.
Half of that is expected to come from the PIF, which the defacto ruler chairs.
Recent footage of The Line showed the one trillion-dollar mega-city under construction in Saudi Arabia.
He captionedthe post: How to answer the naysayers about the incredible work being done in NEOM?
Giles continued: Show a cross-section of the worlds largest building site from the mountains to the sea.
Moreover, its a mirrored architecture, towering 500 meters above sea level but a land-saving 200 meters wide.
Peopleshealthand well-being will be prioritized over transportation and infrastructure, unlike traditional cities, the website notes.
This meant a reduced infrastructure footprint, creating never-before-seen efficiencies in city functions.
Additionally, the ideal climate all year round was anticipated to ensure that residents could enjoy the surrounding nature.
It was always utterly ridiculous, a reader commented
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