Saudi Arabia launches mega-zone on Red Sea

Saudi Arabia has pledged to inject $500 billion in the NEOM project, envisioned as a special economic zone over an area of 26,500 square kilometres on the northern Red Sea coast extending into Jordan and Egypt.

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11:45 October 26, 2017
Participants watch a movie advertising Saudi's Red Sea project, dubbed NEOM, on the sidelines of the three-day Future Investment Initiatives conference in Riyadh
Image by: Zarina Fernandes/ Gulf News
Compiled by: Shreeja Nair, Senior Web Editor