His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister and Chairman of the Public Investment Fund (PIF), confirmed the launch of the giant city “NEOM” on the financial markets, along with Saudi Aramco, as part of the Kingdom's efforts to diversify its economy and reduce its dependence on oil.

<The Crown Prince explained that NEOM is worth 500 billion dollars and is located on an area of 26,500 square kilometers and will extend to Jordan and Egypt: “There is no doubt that Neom will eventually go on the market, the first region to go on the public markets, it's like putting New York City on the market.” “The idea is not to restructure the economy as much as it is to take advantage of opportunities that we haven't exploited before, we have a lot of energy and we use very little of it.”

His Highness the Crown Prince explained that Neom is worth $ 500 billion and is located at 26,000 square kilometers. <On Aramco, the Crown Prince emphasized that the company will prove its worth on the ground at the time of the IPO. He pointed out that the company's valuation may exceed two trillion dollars.“

The Crown Prince stressed that the company will prove its worth on the ground on the days of the initial offering.