Saudi Arabia announces investment city linked to Egypt, Jordan

FAN Editor

October 24, 2017

RIYADH (Reuters) – Crown Prince Mohammed bin Salman announced on Tuesday a half trillion dollar investment city which will run across Saudi Arabia, Egypt and Jordan, the state news agency SPA reported.

The project, called Neom, will be on 26,500 square kilometers (10,230 square miles), SPA said, adding the first phase would be ready in 2025.

(Reporting By Aziz El Yaakoubi, Editing by Noah Browning and William Maclean)

Leave a Reply

Next Post

Eli Lilly says profit falls, to mull sale of animal health business

Eli Lilly and Co, one of the world’s top insulin makers, on Tuesday reported a 28.5 percent drop in quarterly profit and said it was reviewing options, including a sale or an IPO, for its Elanco Animal Health business. Continue Reading Below The company said its net income fell to […]

You May Like