Saudi Arabia Shelves Work on SoftBank’s $200 Billion Solar Project - News Summed Up

Saudi Arabia Shelves Work on SoftBank’s $200 Billion Solar Project


DUBAI—Saudi Arabia has put on hold a $200 billion plan with SoftBank Group Corp. to build the world’s biggest solar-power-generation project, said Saudi government officials, setting back another eye-catching transformation project in the kingdom. The officials and a Saudi government adviser said no one is actively working on a project announced in March by SoftBank Chief Executive Masayoshi Son and Saudi Crown Prince Mohammed bin Salman. It would have turned the world’s most important oil producer into a giant in solar power,...


Source: Wall Street Journal September 30, 2018 17:26 UTC



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