It is carving out an area the size of some 15 soccer fields to form a horticulture oasis on the outskirts of Neom
The Saudi government has made more than 700 regulatory changes as it seeks to attract investors
The initiative follows years of political tensions that have stymied efforts to diversify the country’s economy and promote foreign investment
The deal is part of Saudi Arabia’s drive to open up to foreign investment and use the money to diversify its economy
Despite the headwinds caused by the pandemic, Saudi Arabia’s mega projects are moving along steadily
The country previously announced plans to introduce a 10-year visa for investors