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Neom

SoftBank plans to increase investments in Saudi

Riyadh - Arab Today

Japan’s SoftBank Group Corp (9984.T) plans to invest as much as $25 billion in Saudi Arabia over the next three to four years, Bloomberg reported on Wednesday, citing people familiar with the matter. SoftBank plans to deploy up to $15 billion in the new high-tech city of NEOM, with the SoftBank Vision Fund planning an investment of as much asRead more

SoftBank tipped for $25bn KSA investment in ‘unique’ deal

London - Arab Today

SoftBank’s reported plan to invest $25 billion in Saudi Arabia would be a “unique” move, a Riyadh-based economist has said. The Japanese group, which is headed by Masayoshi Son, plans to invest the funds in Saudi Arabia over the next three to four years, Bloomberg reported on Wednesday, citing people familiar with the matter. SoftBank plans to deploy up toRead more

Saudi projects of future breathe new life into advertising sector

Dubai - Arab Today

The impact of the Red Sea Project and the futuristic city of Neom on Saudi Arabia’s ailing advertising industry has been immediate and could be far-reaching, industry commentators told Arab News. Boosts to advertising spend, increased investment and an emphasis on improved communication are all likely to materialize over the course of the next few years as the projects beginRead more

Crown Prince hails Saudi Future Investment Initiative

Manama - Arab Today

HRH Prince Salman bin Hamad Al Khalifa, Crown Prince, Deputy Supreme Commander and First Deputy Prime Minister, sent a cable of congratulations to HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister and Defence Minister of Saudi Arabia, on the success of the Future Investment Initiative. HRH Crown Prince extended congratulations on the success ofRead more

Crown Prince hails Saudi Future Investment Initiative

Manama - Arab Today

Robots to roam $500 billion Saudi city

Dubai - Arab News

Crown Prince Mohammed bin Salman on Tuesday unveiled ambitious plans for a new city state that would also straddle Jordan and Egypt in the kingdom’s northwest with up to $500bn in investments. Called Neom, the city will be powered by solar and wind energy, and is likely to have more robots than people living there. The business zone, spanning 26,500Read more

Saudi Crown Prince Announces Launch of NEOM Future Capital

Riyadh - Arabs Today

Saudi Arabia’s Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister and Chairman of the Public Investment Fund (PIF), announced on Tuesday the launch of a new $500 billion project to turn the Kingdom into a leading global hub through the introduction of value chains of industry and technology. Stemming from the Kingdom’s Vision 2030, NEOMRead more