Saudi Arabia announces investment city linked to Egypt, Jordan

Reuters News
Posted: Oct 24, 2017 5:35 AM

RIYADH (Reuters) - Crown Prince Mohammed bin Salman announced on Tuesday a half trillion dollar investment city which will run across Saudi Arabia, Egypt and Jordan, the state news agency SPA reported.

The project, called Neom, will be on 26,500 square kilometers (10,230 square miles), SPA said, adding the first phase would be ready in 2025.

(Reporting By Aziz El Yaakoubi, Editing by Noah Browning and William Maclean)