Riyadh – Mubasher: The Russian Direct Investment Fund (RDIF) on Thursday decided to participate in establishing the new Saudi megaproject Neom with other partners.
The value of Neom's projects are expected to exceed billions of dollars.
The RDIF and partners will participate solar energy, health, and education, artificial intelligence, high-speed transport, ports infrastructure for transshipment, and agricultural products, according to Reuters.
On Tuesday, Saudi crown prince and the chairman of the Saudi Public Investment Fund (PIF), Mohammed bin Salman announced a plan to build a $500 billion city in the north west of the kingdom to implement Neom project.
