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Saudi: Softbank to Work with Saudi Arabia on New City

Source: www.export-egypt.com 10/24/2017, Location: Middle East

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SoftBank Group Corp will work with Saudi Arabia on the development of "Neom", a new business and industrial city announced .

Softbank Group CEO Masayoshi Son said at an investment conference in Riyadh that Saudi's Crown Prince Mohammed bin Salman had asked him to get involved.

"I think Neom is a fantastic opportunity," Son said, adding that the SoftBank Vision Fund would invest in Saudi Electricity Co (SEC)

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