WEF
- Saudi Arabia's Neom project secured a $2.7 billion credit line from local lenders.
- The Saudi finance minister said the kingdom was "very pleased" with progress on Vision 203 goals.
- He said "challenges" meant adjustments would be made to some aspects as required.
Saudi Arabia is trying to counter reports that its Neom project is struggling.
Finance minister Mohammed Al Jadaan told a World Economic Forum meeting in Riyadh on Sunday that the kingdom was "very pleased" with the progress made in its Vision 2030 plan, of which Neom is the centerpiece.
While he said 87% of the targets in the ambitious plan were on track, "challenges" meant adjustments would be made to some aspects as required.