SUBSCRIBERS
Egypt commits 1,000 sq km to Saudi mega-city
Public and private investment in the NEOM project, which spans across Saudi Arabia, Egypt and Jordan, is expected to eventually total US$500b
Published Mon, Mar 5, 2018 · 09:50 PM
Riyadh
EGYPT has committed more than 1,000 square kilometres of land in the southern Sinai Peninsula to a planned mega-city and business zone unveiled by Saudi Arabia last October, a Saudi official said on Monday.
The territory along the Red Sea is part of a joint fund worth more than US$10 billion and announced by the two countries late on Sunday during a visit to Cairo by Saudi Crown Prince Mohammed bin Salman.
Share with us your feedback on BT's products and services
