ECONOMY

Mohammed bin Salman: Saudi human capital our biggest element for NEOM’s success

Saudi Arabia’s Crown Prince Mohammed bin Salman said on Tuesday that the kingdom’s human capital will represent the kingdom’s biggest element to the success of NEOM, a new a $500 billion plan to build a business and industrial zone that links with Jordan and Egypt.

NEOM project is a huge economic undertaking and it is only meant for dreamers. Our human capital will be the biggest element to its future success. We want to secure our place in the future of the world and we'll bring together creative, talented people from all over the world to make something unique,” the crown prince told the conference on Tuesday.

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

Softbank Group CEO Masayoshi Son said at an investment conference in Riyadh on Tuesday 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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Last Update: Tuesday, 24 October 2017 KSA 17:00 - GMT 14:00
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