NEOM Secures $5 Billion Investment From Local Investors

Saudi Arabia’s megaproject NEOM has attracted an investment of $5.6 billion from local investors. According to Bloomberg, four local firms will build temporary housing and construction facilities for some 95,000 workers in a public-private partnership deal. The futuristic city, a plan from Saudi crown prince Mohammed bin Salman will be built on 10,200 sq. miles of desert and Riyadh is planning for it to become the "world's most ambitious tourism project.". To diversify its economy, Saudi Arabia is also looking for the city to become a testbed…