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…Saudi Arabia To Create $80 Billion Investment Fund For NEOM Megaproject
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