Browsing: Neom

Source: World Tribune Egypt and Saudi Arabia have agreed to establish a $10 billion investment fund that will allow the Saudis to build a portion of their planned Neom megacity in parts of the southern Sinai. The two countries signed the deal during the March 4 visit to Egypt by Saudi Crown Prince Mohammed bin Salman. Egypt committed 1,000 square kilometers to the Neom project, which will run along the coast of the Red Sea as well as the Gulf of Aqaba and will extend across Egyptian and Jordanian borders, making it the first private economic zone to span three…