Saudi Crown Prince Barrels Ahead With Big Projects to Boost Economy

TABUK, Saudi Arabia—This desert kingdom is pushing ahead with multibillion-dollar plans to build a spate of new cities despite the coronavirus pandemic and depressed oil prices, betting that projects closely associated with the crown prince will kick-start its economic recovery.

The developments include a futuristic city-state called Neom in the country’s remote northwest Tabuk province, a sports and entertainment city outside Riyadh, luxury tourism resorts spread across an archipelago of pristine Red Sea islands and an ancient…



Source link

Leave a comment