Saudi Neom project developers to get compensation over Covid


Saudi Arabia's futuristic new city Neom said the real estate owners who are involved in the ambitious project will be financially compensated by the National Program for Community Development, said a report.

Real estate owners that are involved in Saudi Arabia’s Neom project will be financially compensated by the National Program for Community Development, reported Arab News.

The program, also known as “Tanmia” in Arabic, will compensate owners in Sharma, Qayal, Al-Khuraibah, Al-Asilah, Al-Sur, Bir Fahman, it stated.

The announcement comes after the programme said it was halting inventory work in April and compensation would be paid in record time, and before the period specified in the program’s planned schedule.

“This is to ensure that recipients are compensated in successive installments as soon as possible,” the program added.