SoftBank to work with Saudi Arabia on new city - News Summed Up

SoftBank to work with Saudi Arabia on new city


Saudi Deputy Crown Prince Mohammed bin Salman attends a graduation ceremony and air show marking the 50th anniversary of the founding of King Faisal Air College in Riyadh - REUTERSRIYADH – 24 October 2017: SoftBank Group Corp will work with Saudi Arabia on the development of "Neom", a new business and industrial city announced on Tuesday.Softbank Group CEO Masayoshi Son said at an investment conference in Riyadh on Tuesday that Saudi's Crown Prince Mohammed bin Salman had asked him to get involved. "I think Neom is a fantastic opportunity," Son said, adding that the SoftBank Vision Fund would invest in Saudi Electricity Co (SEC).


Source: Egypt Today October 24, 2017 12:56 UTC



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