Saudi Arabia Announces Project of $ 500 Billion

Saudi Crown Prince and Deputy Chairman of the Board of Directors of the Public Investment Fund Prince Mohammed bin Salman bin Abdulaziz Al Saud announced the launch of the (Neum) project and will attract private investments, investments and government partnerships. It will also support more than $ 500 billion in the coming years by the Public Investment Fund, as well as local and international investors.
The crown prince said during the announcement of the project that the Neum region will focus on nine specialized investment sectors targeting the future of human civilization, namely the future of energy, water, mobility, biotechnology, food, technical and digital sciences, advanced manufacturing, the future of media, media production and entertainment, and the future of living that represents the pillar. The foundation for the rest of the sectors, with the aim of stimulating growth and economic diversification, enabling manufacturing processes, and innovating and mobilizing the local industry on a global level. ” He pointed out that «all this will lead to job creation, and contribute to the increase of GDP of the Kingdom»