Saudi Arabia plans to create an $80-billion investment fund to help develop the megaproject NEOM for a clean-energy living area in the northwest of the country, Saudi Crown Prince Mohammed bin Salman said on Monday. The futuristic NEOM project, a key pillar of Saudi Arabia’s Vision 2030 program to boost its economy and diversify it away from oil, will initially have $80 billion (300 billion Saudi riyals) in the Neom Investment Fund, the Crown Prince said at an event in Jeddah, as carried by Bloomberg. Mohammed bin Salman is chairman of the…
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