Saudi Arabia to set aside $80 bn for Prince’s megaproject

Date:

- Advertisement -

Saudi Arabia will set aside $80 billion (300 billion riyals) for Prince Mohammed bin Salman’s flagship megaproject, Neom, alongside investing in companies that will operate from there. The Prince plans to expand the fund by engaging investors and through an IPO of Neom in Saudi Arabia. Neom is the Prince’s megaproject to turn a desert expanse into a high-tech region.

Total Views: 146 ,
- Advertisement -

Share post:

Popular

More like this
Related

Canada hikes immigration fees by almost 12 percent

Immigration, Refugees and Citizenship Canada (IRCC) has announced an...

Honda makes six airbags as standard in City and Elevate models,

Honda Cars India has upgraded safety features in its...

Driving change: India’s luxury electric car revolution

Electric luxury cars represent the epitome of automotive excellence,...