ECONOMY

EXCLUSIVE: HSBC CEO says bank interested in financing Saudi NEOM project

HSBC’s CEO Stuart Gulliver confirmed the bank's interest in significantly financing the massive NEOM project, highlighting the economic benefits of this project across the region and the world.

During an exclusive interview with Al Arabiya on the sidelines of the Future Investment Initiative held in Riyadh last week, Gulliver said the project was “bold and innovative” and bound to create demands as Saudi looks to diversify its economy away from oil.

“It will create an enormous demand for the raw materials and the construction input to build a series of cities. So it will create a serious economic boost that will create a large number of jobs and linkage into other countries over the region and actually farther away like the Far East,” Gulliver told Al Arabiya.

SHOW MORE
Last Update: Tuesday, 16 January 2018 KSA 16:17 - GMT 13:17
Top
BREAKING NEWS

Send to a friend

Close
EXCLUSIVE: HSBC CEO says bank interested in financing Saudi NEOM project
Friend's name:
Friend's Email:
Sender's name:
Sender's Email:
Captcha Code
How are we doing?
X

How are we doing?

Name Name *
Email Email *
Country Country
Message Message *
Maximum 550 words allowed