Saudi Arabia is intensifying efforts to secure funding for its ambitious Neom megacity project, valued at $1.5 trillion. The kingdom plans to raise approximately $1.3 billion through the issuance of Islamic bonds, or sukuk, with its debut riyal bond sale scheduled for later this year. This move comes as Saudi Arabia seeks to diversify its funding sources, amid reports of scaling back some of the project's initial ambitions. In addition to the bond sale, the country is also actively seeking financial support from international bankers, with hundreds of bankers expected to visit Neom this week. Saudi Arabia has also expressed interest in securing investments from Chinese funds. The Neom project, which aims to build a futuristic city in the desert, has been described as a high-risk venture with a focus on tourism, technology, and sustainability.